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Four Imprisoned Following Malware that Helped Launder Cash from Bank Accounts

Agencies of law enforcement recently arrested 4 individuals in UK after the latter face accusation of siphoning 1m pounds out of 2 banks in the country via the utilization of malicious software, published theregister.co.uk dated December 12, 2013.

MCCU (Metropolitan Cyber-Crime Unit) officials, whom the 2 banks notified about several customers pulling down some complicated malware when they clicked on e-mails asserting their bank sent them, have started an investigation.

According to police, customers lost an estimated 1m pounds from their A/Cs as the funds were moved into other accounts from where the money was taken out as cash.

Agents belonging to National Crime Agency along with the MCCU detectives carried out raids on 10th December 2013. They confiscated smart-phones, PCs and other gadgets that'll be put under forensic examination.

Moreover, the investigators seized one Range Rover, different conspicuous items along with cash amounting 80,000 pounds (USD130,000/EUR 95,000).

Among the accused are women, who're freed on bail, while the men continue to be detained.

MCCU's Jason Tunn, Detective Chief Inspector stated that the arrests were done after a probe into what was doubted as a worldwide and well-planned offence, attacking many bank clients within London as well as across UK. Ibtimes.co.uk reported this, December 11, 2013.

Tunn explained that the victims received so-called bank e-mails that deceived them into downloading malware followed with encountering theft of cash out of their accounts.

He further said that MCCU was committed to safeguarding companies and individuals of London against cyber-crime that otherwise could ruin businesses as also steal the public's hard-earned cash within no time. The Unit was collaborating with all UK banks for attaining that, Tunn additionally stated.

Meanwhile, officials have asked many banks to freeze the accounts being referred to during the investigation.

Incidentally, only a month back from the latest incident, in a similar attack, some Internet-fraudsters of UK employed own malware for garnering people's financial data as well as filching enormous pounds. The criminals attacked unwitting Internet-users over many years through fake posts of job advertisements, supposedly for different renowned organizations, that in reality delivered malware. All the offenders had been sentenced.

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