How ATM fraud nearly brought down British banking

["David Farber" <dave () farber net>]

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Subject:        How ATM fraud nearly brought down British banking
Author: Brian Randell <Brian.Randell () newcastle ac uk>
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 () ncl ac uk   PHONE = +44 191 222 7923
FAX = +44 191 222 8232  URL = http://www.cs.ncl.ac.uk/~brian.randell/

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