Modernizing Authentication — What It Takes to Transform Secure Access
The U.K.'s new National Crime Agency (NCA) recently announced that Olukunle Babatunde, 27, of Croydon, South East London, was sentenced to serve five years and six months in prison after pleading guilty to several charges, including conspiracy to defraud U.K. banks, financial institutions and their customers of more than £750,000 (h/t Softpedia).
Babatunde was arrested along with a co-conspirator, Tamar Abdulhamid, 25, following an investigation by the National Crime Agency's National Cyber Crime Unit (NCCU).
According to the NCA, Babatunde and Abdulhamid used phishing e-mails to trick victims into giving up their bank login information, which could then be sold on the black market.
"This is an excellent result built on the joint working of precursor agencies and has involved the examination of a large number of data, resulting in 765 victim accounts being identified," Andy Archibald, head of the NCCU, said in a statement. "The National Crime Agency will continue to share information and intelligence with regards to serious and organised cyber crime, ensuring those who pose a threat to the public are identified and held accountable for their actions."
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