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Barclays Bank computer theft: Eight held over £1.3m haul Barclays Bank computer theft: Eight held over £1.3m haul
(35 minutes later)
Eight men have been arrested in connection with a £1.3m theft by gang who took control of a Barclays Bank computer.Eight men have been arrested in connection with a £1.3m theft by gang who took control of a Barclays Bank computer.
The money was taken from the branch in Swiss Cottage in north London in April, a Metropolitan Police spokesman said. The money was transferred from the branch in Swiss Cottage in north London in April, a Met Police spokesman said.
Searches are being carried out at addresses across London where property including cash, jewellery, drugs and credit cards have been seized.Searches are being carried out at addresses across London where property including cash, jewellery, drugs and credit cards have been seized.
The men, aged between 24 and 47, were arrested on Thursday and Friday.The men, aged between 24 and 47, were arrested on Thursday and Friday.
Following the report of the theft, police found a "keyboard video mouse" (KVM) switch attached to one of the branch's computers, which had been placed there by a man purporting to be an IT engineer. Following the report of the theft, police found a "keyboard video mouse" (KVM) switch attached to one of the branch's computers.
A KVM switch allows a user to control multiple computers. This enabled the criminal group to remotely transfer funds to other back accounts. It had had been placed there by a man purporting to be an IT engineer the day before the theft on 5 April
Barclays said it was able to recover a "significant amount" of stolen money. Infiltrate and exploit
A KVM switch, which has a 3G router attached, allows a user to control multiple computers. This enabled the gang to remotely transfer funds to other back accounts.
Barclays said it was able to recover a "significant amount" of the stolen money.
One central London premises which has been searched was described by detectives as the "control" centre for the fraudsters.
"Those responsible for this offence are significant players within a sophisticated and determined organised criminal network, who used considerable technical abilities and traditional criminal know-how to infiltrate and exploit secure banking systems," Det Insp Mark Raymond of the Met's Central e-Crime Unit said.