Bank News - Daily

Eng | Rus


Updatings

  • IWBank S.p.A.
  • UBI Banca
  • UCO Bank
  • BankAtlantic
  • Bradford Bank


  • The World Facts

    November, 12 123 banks were already ruined in the USA from the beginning of 2009, in 2008 - 26, in 2007 - only 3.

    September, 24 One of the largest Japanese banks Aiful Corp. to axe almost 2000 jobs (44%).

    June, 23 CEE Banking Sector Report: Total assets in CEE Banking sector grew 25 per cent in 2008 to €1,772 billion.

    May, 13 Citigroup uses almost $45 billion TARP Funds for Loans.

    May, 11 Bank of America is going to sell a 5.8% stake in China Construction Bank Corp. for about $7.3 billion.

    More facts...


    Newsletters



    All News

    Bank robbers is being hunted by an anti-fraud unit

    A gang of online bank robbers that has taken over the accounts of at least ten people and stolen hundreds of thousands of pounds is being hunted by an anti-fraud unit.

    The gang hacked into private bank accounts and used private details to order new debit and credit cards which it then used to buy expensive jewellery and electronic goods. The gang managed to get enough information about one victim to have £60,000 transferred from his mortgage reserve account to his current account, which it then spent.

    Barclays Bank managed to intercept much of the fraud and is believed to have stopped at least £500,000 being stolen from clients. But officers from the Dedicated Cheque and Plastic Crime Unit say that there may be many more victims. Detective Constable Keith Harrington said that the gang's favourite method was a process known as "account take over", in which the thieves got enough private information to convince a bank that they were the customer and then ordered a new card and PIN.

    On-line Forum
    Let's discuss this news at our forum
    "The whole operation from start to finish takes a few days and usually by the time anyone notices the money has gone the gang will have bought the goods and sold them on," DC Harrington said. "There are a number of victims. When we first came across it we thought it was unusual but we have found it is happening all over the country."

    One victim, Bob Whitaker, came home from a trip to Thailand with his wife to find that the gang had used a debit card in his name to buy £60,000 of jewellery from a store in Barcelona. It is believed that by using a technique known as "social engineering" - where a gang member rings up a bank's staff and feigns memory loss - the thieves were able to find out from Barclays Bank where Mr Whitaker held his mortgage.

    They then rang the mortgage company and gave enough information to convince the staff to transfer £60,000 from his mortgage reserve account into the current account of which they had taken control. After ordering a new debit card and PIN from Barclays the gang is thought to have paid a middle-aged, white drug user to pose as Mr Whitaker and collect his mail from his local postal sorting office using fake indentification.

    They were then able to open the letters that contained the new card and PIN and posted everything else through Mr Whitaker's door to prevent him becoming suspicious. Within days of beginning the operation the gang had either gone to Barcelona and bought the jewellery or sold the card to a gang in Spain which made the purchases.

    Mr Whitaker, 57, an IT director of a manufacturing company, who has been reimbursed by Barclays, said that when he telephoned the bank and found out that there was £60,000 in his account his first thought was that the money might have come from a money-laundering scam. "My second thought was to take [the money] out," he said.

    Larry Bridwell, from AVG, a global internet security company, said: "It may be that the criminals have been monitoring their victims and their habits and then used that information to use social engineering. People have to remember that there is no such thing as privacy in the online world."

    Barclays said that it was inappropriate for them to comment during an investigation. A Royal Mail spokesman said: "Security is a top priority for Royal Mail and we constantly review it to ensure we do all we can to combat criminals who target the mail."


    [128] 30.10.2007
    Source: The Times


    Popular News

    
    French Bank to Repay Government Bailout - 14.10.2009
    Crédit Agricole, the French bank, said Wednesday that it would repay the €3 billion of debt the government bought last December, becoming the latest big bank to pay back a bailout.
    Source: New York Times
    Up to 175,000 students still waiting for loans and grants - 09.10.2009
    Up to 175,000 students are still waiting for their loans and grants a week after university courses started, it emerged today.
    Source: Guardian.co.uk
    Card fraud in the UK falls by 23% - 08.10.2009
    The amount of money being lost through card fraud fell by 23% in the first half of the year in the UK, as criminals changed their strategies and prevention measures began to take effect, according to figures published today.
    Source: Guardian.co.uk
    The trend: large banks will acquire smaller banks - 18.09.2009
    KBW Inc., the New York-based boutique that advises financial institutions, expects 500 to 1,000 U.S. banks to fail by 2011, Chief Executive Officer John Duffy said.
    Source: Bloomberg
    Colonial Banc Group declares bankruptcy - 15.08.2009
    Colonial became the largest US bank to fail this year after it was declared bankrupt and had the bulk of its assets taken over by rival BB&T, the government banking insurer said Friday.
    Source: Agence France-Presse
    Fighting economic crisis in U.K. - 27.07.2009
    Current economic difficulties in U.K. were caused by global financial crises and have resulted into the following changes in the country's economy in 2007-2008:
    Source: BanksDaily.com
    The European Central Bank injects €442 billion into banking system - 25.06.2009
    The European Central Bank (ECB) allotted €442 billion to banks for 12 months, the biggest amount it has ever given in a single auction. The amount was more than most economists had expected.
    Source: RTTNews

    International directory of banks © 2006-2009