Criminally old-fashioned

01 Jun 2012

A head of security at a big bank needs to be smart, to operate with guile, and to almost think like a criminal to stay one step ahead – of actual criminals.

But not to act like one.

Sometimes, though, boundaries can become blurred, which is what is alleged to have gone wrong for a former head of fraud and security for digital banking at a well-known UK bank. That will be for the High Court in London to decide, where the accused appeared at the end of May charged with perpetrating a rather old-fashioned £2.5m invoice fraud.

Wary of this legal minefield, Backbytes will let Andrew Penhale, deputy head of the Crown Prosecution Service Central Fraud Group, explain:

“The charge relates to an allegation that between 1 September 2008 and 21 December 2011, [the accused] dishonestly… abused their position as a bank employee… by submitting false invoices to claim payments totalling £2,463,750.88, to which they were not entitled.”

Wouldn’t it have been easier for this former head of digital security to just send one of those emails requesting home-banking login details?

Although not from the work email address, obviously…

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