Feeds

Cops cuff 4 in £1m banking fraud malware case

Two charged in cash-slurping email probe

High performance access to file storage

Four people have been arrested and £80,000 in cash seized as part of a Met Police investigation into the theft of an estimated £1m from UK banks using malware.

Two men, both aged 31, and two women aged 24 and 27, were arrested on suspicion of conspiracy to defraud and conspiracy to launder money during raids on properties in Enfield and Islington on Tuesday.

The two men, Gediminas Simkus 31, of Bowes Rd in Enfield and Volodymyr Kurach 31, of Stadium Mews, Highbury, were subsequently charged with money laundering and fraud.

Police said they recovered a hand grenade at the Enfield address, which was been made safe by specialist explosive officers. The men have been held on remand while the women have been bailed until early next year.

Computers, smartphones and luxury goods including designer jewellery and a Range Rover were also seized during the raids. The computers and smartphones will be forensically examined for evidence of wrongdoing.

Officers from the Met's new Cyber Crime Unit carried out the raids following complaints from unnamed UK banks that their customers had been defrauded after opening emails purporting the come from the banks that were actually booby-trapped with malware.

Detective Chief Inspector Jason Tunn of the MPCCU said: “These arrests by the Met’s Cyber Crime Unit follow an investigation into what we suspect is an international and organised crime targeting a number of bank customers in London and across the UK. The victims have been hoodwinked by malware-carrying emails purporting to be from their banks, and subsequently had money taken from their accounts." ®

3 Big data security analytics techniques

More from The Register

next story
Putin tells Snowden: Russia conducts no US-style mass surveillance
Gov't is too broke for that, Russian prez says
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Whoever you vote for, Google gets in
Report uncovers giant octopus squid of lobbying influence
Lavabit loses contempt of court appeal over protecting Snowden, customers
Judges rule complaints about government power are too little, too late
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Don't let no-hire pact suit witnesses call Steve Jobs a bullyboy, plead Apple and Google
'Irrelevant' character evidence should be excluded – lawyers
EFF: Feds plan to put 52 MILLION FACES into recognition database
System would identify faces as part of biometrics collection
Ex-Tony Blair adviser is new top boss at UK spy-hive GCHQ
Robert Hannigan to replace Sir Iain Lobban in the autumn
Banks slap Olympus with £160 MEEELLION lawsuit
Scandal hit camera maker just can't shake off its past
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.