'Home banking hacker' arrested in Ghent

16th August 2005, Comments 0 comments

16 August 2005, BRUSSELS — Self-confessed home banking hacker Pieter Miclotte has been arrested on charges of fraud.

16 August 2005

BRUSSELS — Self-confessed home banking hacker Pieter Miclotte has been arrested on charges of fraud.

Miclotte reported to Ghent police on Friday, just hours after Belgian media quoted him saying that thieving via home banking is as easy as plundering a shop with its doors open.

He told newspaper 'Het Laatste Nieuws' that he'd robbed customers of two banks, namely ING and Keytrade, via online banking. He claimed to have stolen thousands of euros in recent weeks.

Miclotte said he gained access during chat sessions to the computers of other online chatters and went looking for information about their banking and bank access codes.

He allegedly used those codes to transfer large sums of money to his own accounts.

Despite initially telling police his comments "should be taken with a grain of salt", Miclotte eventually confessed to the hacking crimes on Friday, 'Het Laatste Nieuws' reported.

And the Ghent public prosecutor is also investigating two complaints lodged against the 35-year-old by two former business associates. Miclotte is accused of stealing from two partners in various firms.

In one incident, he allegedly stole money from a company's bank account and the second incident involved promising his partner to invest EUR 50,000 for high profits. Miclotte is accused of disappearing with the cash.

Both men eventually lodged police reports at the end of June.

Miclotte is now being investigated for both incidents. His claims that home banking security is easy to crack are also being scrutinised.

[Copyright Expatica News 2005]

Subject: Belgian news

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