Close
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Cybersecurity
    • Cybersecurity

    Police Foil $420 Million Keylogger Scam

    By
    Ian Betteridge
    -
    March 19, 2005
    Share
    Facebook
    Twitter
    Linkedin

      LONDON—The British Hi-Tech Crime Unit has foiled what would have been one of the biggest computer crimes in history, where thieves attempted to transfer $420 million from a London branch of Japanese bank Sumitomo Mitsui.

      The thieves are believed to have hacked into the banks computer systems using information gathered from keylogger programs, which allowed them access to sensitive passwords and other account information. At present, it is not clear how the keyloggers were installed.

      Police have been investigating the case since last October, when bank security discovered that some computer systems had been compromised, and the National Hi-Tech Crimes Unit—a specialized police body that aims to combat computer crime—was called in.

      /zimages/4/28571.gifOrganized gangs are taking over crime on the Web. Click here to read about some of the major players, how they work and how big a threat they really are.

      An Israeli man, Yeron Bolondi, was arrested in connection with the case in Israel after an attempt was made to transfer $29 million into an account there. Bolondi appeared in a Tel Aviv district court Thursday charged with attempted money laundering and deception, and was remanded in custody for at least a week. It is understood that Israeli police have been working closely with the British over the case.

      According to Takashi Morita, head of communications at Sumitomo Mitsui in Japan, the bank did not suffer any financial loss because of the raid, but Morita declined to comment any further as “the case is still being investigated.”

      If the raid had succeeded, it would have been the biggest bank theft in British history, easily eclipsing the previous record of $50 million stolen from Northern Irelands Northern Bank last December—a raid believed by police to have been conducted by the IRA.

      The foiling of the raid is the latest in a string of successes for the National Hi-Tech Crime Unit, a group created in 2001 and staffed by police officers and computer experts from the armed forces, and Customs. A recent initiative, code-named Operation Blossom, targeted a network of computer software pirates and led to the arrests of eight people in Britain.

      /zimages/4/28571.gifCheck out eWEEK.coms for the latest security news, reviews and analysis. And for insights on security coverage around the Web, take a look at eWEEK.com Security Center Editor Larry Seltzers Weblog.

      Ian Betteridge
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.

      MOST POPULAR ARTICLES

      Latest News

      Zeus Kerravala on Networking: Multicloud, 5G, and...

      James Maguire - December 16, 2022 0
      I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
      Read more
      Applications

      Datadog President Amit Agarwal on Trends in...

      James Maguire - November 11, 2022 0
      I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
      Read more
      Applications

      Kyndryl’s Nicolas Sekkaki on Handling AI and...

      James Maguire - November 9, 2022 0
      I spoke with Nicolas Sekkaki, Group Practice Leader for Applications, Data and AI at Kyndryl, about how companies can boost both their AI and...
      Read more
      Cloud

      IGEL CEO Jed Ayres on Edge and...

      James Maguire - June 14, 2022 0
      I spoke with Jed Ayres, CEO of IGEL, about the endpoint sector, and an open source OS for the cloud; we also spoke about...
      Read more
      IT Management

      Intuit’s Nhung Ho on AI for the...

      James Maguire - May 13, 2022 0
      I spoke with Nhung Ho, Vice President of AI at Intuit, about adoption of AI in the small and medium-sized business market, and how...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2022 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×