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Cyber gang behind £1.25m 'KVM' bank fraud convicted

Tim Ring

SC Magazine

14 March 2014

 

PA’s Mark Stollery, information security expert, is quoted in an article that addresses how members of a cyber crime gang stole over 1.25million from Barclays Bank using a keyboard, video, mouse (KVM) device.

Mark explores some of the lessons that can be learned from recent conviction: “It's a very important reminder that cyber security is not just about equipment - because crucial to this case was somebody conning their way in to have physical access to very important systems holding large amounts of critical data. There was an element of social engineering which is not something that many organisations automatically think of when they think about cyber security.”

He goes on to say: “Computers don't go wrong by themselves and if the gang had not had direct access to plug their KVM device into the systems of the banks, this massive potential theft – quite big as it was – simply would not have happened.”

 


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