Bank Fraud, The Old Fashioned WayKelley Holland
When a young Russian computer expert appeared in a London court on Aug. 17 accused of electronically robbing Citibank, bankers were seriously spooked. By allegedly penetrating Citibank's corporate cash-management system from St. Petersburg, siphoning off $400,000, and trying to steal over $10 million more, Vladimir Levin and his cronies raised the specter of online fraud being perpetrated against banks by outside hackers anywhere in the world.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.