Thursday 24 April 2014

Three Lloyds Clerks Used Hacking Device to Steal Money from Customer Accounts

Lloyds TSB employees accused of fraud Enlarge picture
- Lloyds TSB employees accused of fraud
 
Tai Hulbert-Thomas, 27, Neil Bautista, 22, and Mawli Thurairajah, 30, are accused of attempting to steal more than £2 million ($3.4 million / €2.47 million) from the bank accounts of Lloyds TSB customers. The suspects were all bank clerks.

According to Oxford Mail, the three are said to have installed a device on the computer of a colleague that enabled them to harvest the information needed to fraudulently transfer money from customer accounts.

The conspiracy took place in the summer of 2012 at Halifax branches in Slough, Newbury and Camden. Halifax is a division of Bank of Scotland, which is a subsidiary of the Lloyds Banking Group.

Prosecutors say the fraudsters installed what they call a rogue “USB mouse, keyboard and mass storage device.” The gadget allowed them to remotely access the targeted computer through the Internet. The fraudulent transactions were carried out when the bank was closed.

The suspects are believed to have attempted to steal over £2 million ($3.4 million / €2.47 million), but the actual damage to the bank is around £440,000 ($738,000 / €535,000).

The conspiracy was uncovered when a Halifax branch manager noticed a suspicious transaction of tens of thousands of pounds into a customer’s account.

An investigation uncovered that a total of £605,000 ($1 million / €735,000) were transferred to 13 different accounts. The hacking device was discovered during an internal investigation.

Hulbert-Thomas has been charged with two counts of fraud by abuse of position, Bautista is accused of making fraudulent payments and allowing another individual to install a device on a bank’s computer, while Thurairajah has been charged with making fraudulent payments. They’ve all pleaded not guilty.

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