Police affirm students on administration loan schemes conned into revealing bank details, which were then used to withdraw moneySix human beings have been arrested over a £1m online phishing scam in which money was stolen from the hacked bank accounts of hundreds of students.Scotland Yard said a criminal network targeted students on administration loan schemes, conning them into revealing their bank account details, which were then used to withdraw amounts of between £1,000 and £5,000 at a age.The victims received emails asking them to update details on their student bank account via a link to a bogus website.The Metropolitan police’s e-crime unit launched an investigation after being alerted to the scam in August and on Thursday seized computers and other equipment from addresses in London, Manchester and Bolton.A 26 year-ancient male and a 25 year-ancient woman were arrested in Manchester, a 25 year-ancient male was arrested in Deptford, south London, a 49 year-ancient woman and a 31 year-ancient male were arrested in Stratford, north-east London, and a 38 year-ancient male was arrested in Bolton.Detective Inspector Mark Raymond from the e-crime unit said: “A fantastic deal of personal data was compromised and cleverly exploited for substantial profits. We have today disrupted a suspected organised collection of cybercriminals and prevented further loss to individuals and institutions in the UK.The suspects, who were arrested on suspicion of conspiracy to defraud, money laundering and Machine Misuse Act offences, were being held at police stations in central London, Manchester and Bolton.The investigation was carried outside with the aid of the Students Loan Corporation, the banking industry and internet supply providers.Phishing is the act of defrauding an online account holder of data by posing as a legitimate corporation. It usually involves spam emails being sent to human beings pretending that there has been a “security update” to their bank, credit card, online shop or alike system.The user is lured by an email to go and view a webpage, often under the pretence of a “security update”, which superficially looks credible however is a fake. The fake sheet usually comprehend copies of all the elements of the absolute sheet, such as an Amazon or eBay sheet, however is hosted on a hacked server or PC.CybercrimeComputingCrimeStudent financeHigher educationStudentsDavid Battyguardian.co.uk © 2011 Twitter News and Media Limited or its affiliated companies. All rights reserved. | Employ of this content is subject to our Terms & Conditions | More Feeds
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