Feeds

£229m Sumitomo spyware trial begins in London

'Bank hackers' used poker game as cover

Providing a secure and efficient Helpdesk

The trial of alleged cybercrooks accused of mounting an attempt to steal £229m from accounts at Sumitomo Mistsui bank by planting spyware on corporate systems has begun in London.

Snaresbrook Crown Court heard allegations that an insider working as a security supervisor smuggled two computer crackers into the bank's headquarters under cover of a poker game in September 2004. The ne'er-do-wells allegedly installed keylogging software designed to record the login credentials for bank systems, a jury heard.

A month later the hackers returned and allegedly tried to transfer funds using the stolen security information. But the attempted transfers (to accounts controlled by accomplices in Spain, Dubai, Hong Kong and Singapore) repeatedly failed because of mistakes in filling out one of the fields in the Swift system used to make transfers. The accounts targeted were run by Toshiba International, Nomura Asset Management, Mitsui OSK Lines and Sumitomo Chemical.

The scheme finally unravelled when Sumitomo staff noticed that their PCs had been interfered with and cables disconnected after they returned to work after a weekend break. This, alongside the failed transfers, led to a police investigation that resulted in a number of arrests.

The security supervisor Kevin O’Donoghue, 34, of Birmingham, and Belgian hackers Jan Van Osselaer, 32, and Gilles Poelvoorde, 34, have confessed their involvement in the failed caper. Three of their alleged accomplices, who prosecutors charge set up bank accounts into which the gang planned to transfer funds, are now in the dock.

Hugh Rodley, 61, of Tewkesbury, Gloucestershire (aka Lord Rodley), David Nash, 47, Durrington, West Sussex, and Inger Malmros, 58, of Sweden, deny conspiracy to defraud and conspiracy to transfer criminal property charges, The Times reports.

The trail continues.®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.