Forwarded From: Nicholas Charles Brawn <ncb05t_private> China nabs first suspected cyber-bank robbers 22-10-1998 10:42 BEIJING, Oct 22 (Reuters) - China arrested its first suspected cyber-bank robbers last week after two brothers allegedly hacked into a bank network system and stole 260,000 yuan ($31,000) in the eastern province of Jiangsu, the Beijing Youth Daily said. The elder brother, Hao Jinglong, was an accountant at the Zhenjiang Industrial and Commercial Bank, where he had mastered the entire computer network. The two brothers allegedly broke into the ceiling of a rural branch of the bank in September and planted a remote control in the computer terminal which created false accounts, the newspaper said. On September 22 they allegedly electronically wired 720,000 yuan ($86,000) into false bank accounts using the remote control and then withdrew 260,000 yuan from different branches of the bank, it said. The suspects were arrested on October 13 after police traced the number of pager account that was closed on the night of the robbery, the newspaper said. China's networks have been attacked by more than 200 cyber-criminals in the last two years with the explosion of the Internet. China's wired population is expected to jump to five million by 2000 from 620,000 at the end of last year. China, alarmed by growing on-line crime, last week vowed to beef up Internet security. State media said an estimated 500 billion yuan worth of assets were exposed on the Internet. ($1.0 - 8.3 yuan) -o- Subscribe: mail majordomot_private with "subscribe isn". Today's ISN Sponsor: Repent Security Incorporated [www.repsec.com]
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