Eight Arrested In Britain Over Alleged Barclays Theft

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Credit: Reuters

Eight men have been arrested over the alleged theft of 1.3 million pounds by taking control of a Barclays branch computer system, in a “rapidly evolving” field of cyber crime, British police said on Friday.

The men are accused of stealing the money by using a hardware device attached to a computer at the bank’s Swiss Cottage branch in London after posing as engineers. Barclays Security reported a loss of the same amount in April.

The arrests follow a similar incident earlier in September, when 12 members of a gang who had attempted to take control of the bank Santander UK’s computer systems were arrested, accused of trying to steal millions of pounds.

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“This new and increasing methodology being seen by UK law enforcement demonstrates the rapidly evolving nature of low risk, high financial yield cyber enabled crime,” the Metropolitan Police said in a statement.

The arrests, in connection with an allegation of conspiracy to steal from Barclays Bank and conspiracy to defraud British banks, were made by the Metropolitan Police’s Central e-Crime Unit in London on Thursday and Friday.

Barclays were able to recover a significant amount of the stolen cash, the police said.


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