Operational Risk Round-Up
October 3
-- Italian police have arrested two members of the mafia and 19 other people accused of plotting an online bank fraud worth around 2 trillion lire ($680 million).The magistrate in charge of the investigations, Paolo Giovagnoli, says that the Mafia-connected group collaborated with employees of Siciliy-based Banco di Sicilia. The plan was to design a computer system similar to the bank's own that would have been programmed to connect to the interbank transfer network after office hours
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