Peter Bodkin reports on an insider breach in the financial sector:
Three men who committed a “sophisticated” identity-theft scam siphoned thousands of dollars from the accounts of unsuspecting bank customers using confidential inside information.
Jason Urrutia, 36, an IT manager with five years experience at the Commonwealth Bank used his role with the company to access private customer details, which he had no reason to view in his day-to-day work, the District Court heard yesterday.
Clients’ personal and bank information was passed on to an accomplice Von Ryan Buere, 32, a Filipino immigrant who met Urrutia during a stint doing data-entry work at the bank.
He used the private data to reset customers’ telephone passwords and raise their daily withdrawal limits, before ordering replacement cards to be shipped to new addresses.
Read more on The Daily Telegraph