Feeds

UK bank chief stung in ID theft scam

HBOS boss conned

Build a business case: developing custom apps

Updated Identity fraudsters have claimed the prize scalp of the chief exec of HBOS bank.

Accounts belonging to Andy Hornby, 41, who earns an estimated £1m a year, were frozen after unauthorised withdrawals of at least £7,000 from his accounts. UK tabloid The Sun reports that crooks used an old bank statement from Hornby to pose as the bank chief.

Hornby, who took over as chief exec of HBOS in 2006, was reportedly told of the breach while he was on holiday. The exact mechanism of the audacious scam is unclear, but it seems that a fraudster succeeded in persuading HBOS to issue replacement cards or other account credentials.

A suspected crook has been captured on CCTV withdrawing money from a HBOS branch and a cashpoint machine, The Sun reports.

HBOS declined to discuss the alleged fraud, which raises questions about its internal systems as well as the care its chief exec takes with his own banking details.

The breach is hugely embarrassing, but not unprecedented. In January a thief defrauded Barclays of £10,000, having tricked staff into handing out a credit card while posing as its chairman Marcus Agius.

Last year HBOS and Barclays were among 11 UK banks warned by the Information Commissioners Office to stop the then widespread practice of dumping documents related to customer accounts in bins outside their stores. Each of the banks signed undertakings to discontinue the behaviour.

The ICO later audited HBOS after it emerged it may have been in breach of its promise to clean up its act. The follow-up action was triggered after BBC Watchdog discovered torn up bank statements that revealed customer names and account numbers and a untorn cheque for nearly £1,700 in a bin outside a HBOS branch weeks after the ICO's initial warning. ®

Boost IT visibility and business value

More from The Register

next story
NSA man: 'Tell me about your Turkish connections'
Spooks ask Dabbsy to suggest a nice hotel with pool
Russia sends SEX-CRAZED GECKOS to SPAAAAACE!
In space... no one can hear you're green...
Indian techies-in-training face down MAN-EATING LEOPARD - and WIN
Big cat causes big trouble at Mumbai college
Carlos: Slim your working week to just three days of toil
'Midas World' vision suggests you retire later, watch more tellie and buy more stuff
Yahoo! Japan! launches! service! for! the! dead!
If you're reading this email, I am no longer alive
Plucky Rockall podule man back on (proper) dry land
Bold, barmy Brit adventurer Nick Hancock escapes North Atlantic islet
Motorist 'thought car had caught fire' as Adele track came on stereo
'FIRE' caption on dashboard prompts dunderheaded hard shoulder halt
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.