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

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. […]