Nigerian bank falls victim to $40 million insider cyber-heist

[InfoSec News <alerts () infosecnews org>]

http://www.finextra.com/news/fullstory.aspx?newsitemid=26446

Finextra.com
15 September 2014

Nigerian police are on the hunt for an IT staffer at Skye Bank who hacked 
into the bank's systems and transferred $40 million to a raft of bogus 
accounts before going on the run.

Thirty-eight year old Isoko resident Godswill Oyegwa Uyoyou is alleged to 
have conspired with a criminal gang to access the bank's computer system 
and inflate the balances of various accounts.

Uyoyou, who worked in the information and communication technology 
department of Skye Bank, allegedly provided the gang with physical access 
to the bank's computer servers under the pretext of carrying out weekend 
maintenance.

The gang were in the process of withdrawing the cash when the heist was 
rumbled. So far, no arrests have been made and the bank has yet to issue 
any statement as to how much cash was lost to the fraud.

[...]



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