[IP] How ATM fraud nearly brought down British banking
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Subject: How ATM fraud nearly brought down British banking
Author: Brian Randell <Brian.Randell@xxxxxxxxxxxxxxx>
Date: 24th October 2005 1:50:23 pm
Hi Dave:
Here's a fascinating story, for IP if you wish:
How ATM fraud nearly brought down British banking
Phantoms and rogue banks
By Charles Arthur
Published Friday 21st October 2005 09:52 GMT
This is the story of how the UK banking system could have collapsed
in the early 1990s, but for the forbearance of a junior barrister who
also happened to be an expert in computer law - and who discovered
that at that time the computing department of one of the banks
issuing ATM cards had "gone rogue", cracking PINs and taking money
from customers' accounts with abandon. . .
Full story at:
http://www.theregister.co.uk/2005/10/21/phantoms_and_rogues/
Cheers
Brian Randell
--
School of Computing Science, University of Newcastle, Newcastle upon Tyne,
NE1 7RU, UK
EMAIL = Brian.Randell@xxxxxxxxx PHONE = +44 191 222 7923
FAX = +44 191 222 8232 URL = http://www.cs.ncl.ac.uk/~brian.randell/
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