E-Crime Police Arrest 10 Over Online Banking fraud

The Scotland Yard has arrested 19 people alleged to have been using the Zeus botnet to steal million in an online banking scam.

A cyber crime police team from Scotland Yard has achieved a break though by arresting 19 alleged computer hackers for committing web-based fraud of at least US $9.5 million, reports the Daily Mail.

The team, consisting of 15 men and four women, used the malicious Zeus botnet malware, along with other infectious tools, to attack the personal computers of members of the public and trace their personal banking details, such as passwords for bank account, credit card details.

The hackers then transferred the looted money to fake bank accounts to launder the stolen money.

“We believe we have disrupted a highly organised criminal network, which has used sophisticated methods to siphon large amounts of cash from many innocent peoples' accounts, causing immense personal anxiety and significant financial harm,” said Terry Wilson, chief detective inspector of the Metropolitan Police.