Police foil £222m computer fraud on London bank

Police have foiled one of the world’s biggest ever attempted computer thefts.

Police have foiled one of the world’s biggest ever attempted computer thefts.

Criminals attempted to steal over $400m (£222m) from the London offices of the Japanese bank Sumitomo Mitsui, after hacking into the company’s network.

The National Hi-Tech Crime Unit said a man has been arrested in Israel after it uncovered the plot. The man reportedly tried to transfer almost £14m into an account there.

The investigation was started last year after it was discovered that hackers had breached the bank’s systems.

Hackers managed to install remote key-logging software on some of the bank’s PCs to allow them to farm account number, passwords and other sensitive information, to enable them to carry out the attempted theft.

The arrested man has been charged with money laundering and deception. The police investigation is continuing.

The bank said it had not suffered any financial loss as a result of being hacked.

Key-logging software is increasingly being bundled with viruses which are often sent with spam e-mail.

Read more on Hackers and cybercrime prevention

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