Vol 6. NO 5. Page 8.

delude themselves that they are doing their crimes to help others. Criminals only act to help themselves.

Here is the bottom line. We are talking about future crime. I said what it will be, I said what the common view of the criminals is, as to banks. This is the only way 98.9% of criminals will ever attempt bank computer crime. The real worry banks have is in-house crime.

(End of transcript)

NATIONAL HOLIDAY A very interesting pattern seems to be emerging from EFTS frauds - PRIME TIME FOR and that is the number of times that they coincide with a national FRAUDS holiday in the country in which the bank initiating the transfer is

located. The timing of many frauds had been planned to ensure that confirmations and acknowledgements are delayed, thus giving the criminals the maximum time to escape.

Many of the international banks now make many of their payments through SWIFT but there are many others still made by telex, often recorded and transmitted through "soft" computer systems. These usually store telexes on a disk prior to transmission: they may or may not at this point be authenticated by a test key. Receiving banks often deposit incoming telexes on to a disk prior to routing to the appropriate department.

Wouldn't it be a simple matter to enter the National holidays of all countries onto a data base on the "soft system". Then incoming transfer instructions (on the day before a National Holiday in the initiating country) could be flagged for special attention. Bankers would be wise to consider this possibility.

JASPER CARROT AND OWN GOALS

Followers of the English Comedian Jasper Carrot may remember his famous joke about Trevor Francis, the soccer player. The joke went along the lines that Francis had established a world record in scoring 24 goals in one match......in the 12-all draw between Birmingham and Tottenham!

We were reminded of the own goal story from press reports of a computer fraud on Barclays Bank. Under the heading "Chips were downfall of computer conman", the Daily Telegraph told the story of Christopher Heard, aged 18, who unkindly deprived the bank of E6 500 through what was described as a "flaw in the Bank's computer system, which has now been put right".

The Old Bailey Judge asked Barrister Simon Evans "not to give the game away" by revealing Heard's Modus Operandi, thus implying some super sophisticated method of data manipulation.

In fact had the Daily Telegraph reporter been more clued-in he would have discovered that Heard simply set up 40 false bank accounts in 15 different names and used false references from Switzerland to do so. Having established the accounts in this way, he did what any self respecting crook would have done and drew the money out. Only he was a bit shrewder than most and waited until

0 1984 Elsevier Science Publishers B.V. (Information & Business Division), Amsterdam. 184 / $0.00 + 2.00 No part of this publication may be reproduced, stored in a retrieval system, or transmitted by any form or by any m&m, electro&. mew hanical; photocopying recording or otherwise; without the prior per&i& of the p;blishers (Readers in the U.S.A. please see special regulations listed on back cover).