RUSSIANS SCORE ELECTRONIC HEIST

Court documents that were unsealed Friday show that Russian computer hackers stole more than $10-million from Citibank's electronic money transfer system last year. All but $400,000 of that has been recovered, says a Citibank spokeswoman. None of the bank's depositors lost any money in the fraud but since it happened, Citibank has required customers to use an electronic password generator for every transfer. The hackers' 34-year-old ringleader was arrested in London three months ago, and U.S. officials have filed to have him extradited to the United States to stand trial. (St. Petersburg Times, 19 Aug 95, p. E1)


Marc Cooperman
From "Interesting People" listing
Date: Sun, 20 Aug 1995
From: Dave Farber (farber@central.cis.upenn.edu) 
Subject: RUSSIANS SCORE ELECTRONIC HEIST