Gang exploits both physical and system security during bank robbery

The Metropolitan Police Central e-Crime Unit (PCeU) arrested eight men, aged between 24 and 27, on Thursday, in connection to a robbery from the Swiss Cottage branch of Barclays Bank in April. According to police statements, the theft resulted in the loss of 1.3 million pounds ($2 million), but the bank managed to recover most of the stolen funds.

In an unusual twist, one rarely mentioned or seen when it comes to financially motivated cybercrime, the men allegedly mixed physical penetration and social engineering with system compromise in order to carry out their crimes.

Read the full article at Network World