Thieves break into bank, hack into computers and steal over £1.25 million…but get caught

NINE MEMBERS OF a gang which carried out a sophisticated cyber attack on banks in the UK , stealing just over £1.25 million by remotely controlling bank accounts, have been sentenced to a total of 24 years and nine months imprisonment.

Metropolitan Police say that the organised crime group also used bank and credit cards obtained from around one million intercepted or stolen letters to fraudulently purchase Rolex watches, designer jewellery and other high-value items, worth over £1 million.

The gang used a device known as a KVM switch to access and control Barclays and Santander bank accounts remotely on three occasions.

Source and Full Story Here: http://www.thejournal.ie/bank-robbery-cybercrime-london-1431783-Apr2014/