Nine individuals involved with a cybercriminal group responsible for stealing 1.25 million ($2.1 million / 1.51 million) from bank accounts have been sentenced to a total of 24 years and 9 months by the United Kingdoms Southwark Crown Court. The fraudsters used KMW (Keyboard, Video, Mouse) switches to transfer money from bank accounts at Barclays […]
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 […]
Chinas central bank is considering regulations that would significantly limit the use of third-party payment systems, including the payment arms of Alibaba Holding Group and Tencent Holdings Ltd. The Peoples Bank of China released draft rules last week to major banks for consultation, state media reported on Monday. They would also heavily limit spending by […]
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