The Israeli National Fraud Squad together with members of the UK National Hi-Tech Crime Unit have successfully traced and arrested Yaron Bolondi, who is suspected of being part of a large international money laundering network scheme based in London.

The 32-year old was apparently also involved in the attempt to steal 423 million dollars from the London offices of London offices of the Japanese bank Sumitomo Mitsui last year in October. According to police reports, the gang attracted investigators attention after they attempted to illegally transfer large amounts of money to ten bank accounts around the world. Further investigation revealed a security breach which the gang used to install keyloggers and gain illegal access to the money.

This comes as no surprise to virus analysts, because keyloggers are known to be the tool of choice for cyber criminals. These utilities capture confidential information as it is entered and report useful details to the controller.

"If you have to rely on e-banking - and I have to say I'm a great fan of it - choose your bank wisely. One time pad authentication or hardware tokens are a sine qua non. Assuming that the bank's internal bank network isn't breached, your money should be safe", comments Costin Raiu, Head of Research & Development, Kaspersky Lab Romania.