[iwar] Online bank robbed (fwd)
From: Fred Cohen
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Date: Wed, 23 Aug 2000 17:40:23 -0700 (PDT)
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Subject: [iwar] Online bank robbed (fwd)
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Online bank robbed
LONDON, Aug. 23
United Press International
Copyright 2000 U.P.I.
August 23, 2000, Wednesday 07:54 AM Eastern Time
Organized criminals are believed to have carried out the first Internet=
"bank robbery," stealing hundreds of thousands of pounds. The online bank=
Egg, which has 1.2 million customers and is owned by Prudential, seems to=
have been the target of the professional hackers, The Guardian reported=
Wednesday.
Details of the cyber break-in remained vague, but the criminal hackers are=
not believed to have taken money from individual's accounts, the newspaper=
said.
The investigation, codenamed Operation Skoda, followed a six-month inquiry=
by the National Crime Squad into Internet banking fraud.
Detective Sergeant Mick Randall, who led the operation, said: "This has=
been a very complex investigation involving organized criminals who we=
believe have been using the Internet as a medium for committing serious=
crime and for targeting the relatively new internet banks."
Egg was the first Internet bank to operate exclusively via the electronic=
highway and the telephone. It was an instant success and has quickly=
attracted hundreds of thousands of customers and has spawned scores of=
rivals, the Guardian said.
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