Teens involved in internet scams

Date: December 11, 2006
Source: STUFF


A 16-year-old who police sent on a computer training course to improve his behaviour has admitted using a computer in an attempt to defraud banks of nearly $45,000.

The Upper Hutt teenager faces 26 fraud charges after hacking into people's internet banking accounts in August and September.

Police say he posted a computer virus on an internet message board and used it to capture details from people's personal computers.

Westpac, ANZ and ASB were all hit. The biggest transaction involved $6323, but the banks agreed to reimburse the losses.

The scam, combined with the boy's age, has raised fresh questions about the security of internet banking. It is just six months since banking ombudsman Liz Brown said banks had been slow to introduce two-factor authentication measures to fight internet fraud.
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