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The alleged fraudster behind a series of cyber attacks against two of the UK’s biggest high street banks has been extradited from Germany to face charges, according to the National Crime Agency (NCA). Daniel Kaye, 29, of Egham, Surrey, is accused of attempting to blackmail Lloyds and Barclays using an…
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Barclays has assembled a team to ‘attack’ its own computer systems to try and find holes before cyber criminals do. Barclays’ red team has been assembled by Troels Oerting, a former head of Europol’s European Crime Center, who joined the bank as chief information security officer in February,Bloomberg reports. The team is charged with hacking the website to find weaknesses so they can be fixed before criminals get to them. “We emulate how criminals will try to get into the bank. Then the red unit will do the same work, testing our ability to detect, to prevent, to resist,” Oerting told Bloomberg. More banks are said to be building red teams of spies and police that can bring expertise in the in-house fight against cyber crime. Anyone who has ever found themselves locked out of their account because they couldn’t remember the their online passwords will be aware that banks are stepping up their security. But the kind of crime combated by Oerting goes much further than stealing from individuals. Hackers use illegal software to infect a bank’s computer systems and send infected emails to employees. Once the employee opens the email, the hacker can go through that account to […]
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