Dark Net Crime Gang tricked Bank Employee in Making Transfers

by Feb 23, 20192019, Breaches, January0 comments

Who: Lloyds Bank Glasgow

No. of Accounts Breached: 19 customer accounts

What was affected: £75,000 stolen from customer accounts

When it happened: July 18, 2016

How it happened: On July 18, 2016, between 7:45 a.m. and 9:30 a.m. Lynn had accessed 19 customer accounts with no permission or legitimate reason.

Two of the accounts that were accessed belonged to Timothy Evans and Stuart Bryce. Just after 11:30 a.m., Lynn transferred £25,000 from Evans’ account to another man.

Less than half an hour later, he tried to transfer £25,000 from Evans’ account to another account, but the transfer was denied because it had exceeded the daily transfer allowance.

Later on in the day, Lynn made a transfer from £24,600 from Bryce’s account to one under reference “Prestige Boats,” but this account was frozen due to suspicious activity.

Internal investigators suspected Lynn right off the bat because he used his Lloyds Bank employee credentials to access the accounts.

Outcome: Lynn pleaded guilty to embezzlement while acting with others.

Sheriff Martin Jones QC said that the only thing stopping him from going to prison is that nobody lost any money, due to the bank reversing all of the cash.

He ordered Lynn to 18 months of community service under the conditions that he is supervised, carries out 240 hours of unpaid work and stays in his set bail address between 8 p.m. and 7 a.m. for six months.

Malcare WordPress Security