City&FinanceBriefing London Lite Tuesday, 18 August 2009 29 Brits targets in huge ID fraud in US Millions of British credit-card holders may have been targeted in one of the largest identity theft cases in history, when an American hacker gained access to the com- puter systems of major companies holding more than 130 million bank account details. Former United states secret service worker Albert Gonzalez has been charged with mastermind- ing a global hacking scheme by breaking into the databases of retailers and selling the informa- tion around the world. officials say it is the biggest case of identity theft in American his- tory. it is the latest in a stream of fraud cases by Gonzalez, who is already in jail after he was charged with stealing credit identities of the TJ Maxx retail chain worth a b o u t $ 2 0 0 m i l l i o n ( 1 2 2 million). investigators say that the hacker, who is 28 and from Miami, as well as two unidentified Russian co- conspirators began the crime by targeting Fortune 500 companies, searching corporate websites for security weaknesses. They then attacked company computer systems and uploaded the information on to servers set up in the Us, as well as latvia, Ukraine and the netherlands. official say the trio traced the credit and debit card numbers and then installed back doors in the victims computer networks so they could steal more data in the future. They also installed the sniffer programs and are believed to have sold the card details to the other hackers. investigators have charged the hackers with computer fraud and conspiracy to commit wire fraud. Gonzalez faces up to 25 years in prison. Accused: Gonzalez sold details Blue-chip shares in london moved higher today as investors concerned the bull run may be over held their nerve. The FTSe 100 index was up 33.85 to 4678.86, having tumbled nearly 70 points yesterday amid a worldwide sell-off of shares. The slump, on signs that the global economic recovery has stalled, was the worst since early July and triggered concerns that the five-month rally was over. Before the sell-off, the Footsie had surged from a low of 3512 in March to a 10-month high above 4750 last week. Stock markets were on the slide again in Asia this morning after heavy losses last night in New York, where the Dow Jones closed down 186.06 to 9135.34. Footsie weathers world sell-off BY LUCY TOBIN Australia Dollars 1.8929 Canada Dollars 1.7226 Denmark Kroner 8.2102 Eurozone Euro 1.1064 Hong Kong Dollars 12.0500 Japan Yen 147.5100 New Zealand Dollars 2.2798 South Africa Rand 12.5900 Sweden Kronor 11.4000 Switzerland Francs 1.6828 UAE Dirham 5.6453 United States Dollars 1.5642 ToUrIST raTeS Almost 6000 Londoners declared themselves bankrupt in the last quarter, up 9% on the same period in 2008. But the Ministry of Justice figures showed the situation in London was much better than elsewhere -- with 22% more people declaring themselves bankrupt in England and Wales as a whole. British banks may have to set aside up to 150 billion to cover bad debts over the next three years, a leading City economist warned today. UK banks have already set aside 31 billion in the first six months, up from 26 billion in the second half of 2008. Simon Ward of Henderson Global Investors said banks may be forced to write off 150 billion by the end of 2012. UP 33.85 at 4678.86 fTSe 100 Dow joneS nIkkeI -$ DOWN 186.06 at 9135.34 DOWN 328.72 at 10,268.61 UP 0.53c at $1.64 >>for all the latest City share prices, call 0905 817 1694* or visit thisismoney.co.uk * Calls cost 75p/min from a BT landline & last approx 1 min per quote. not all stocks are available index.html2.html3.html4.html5.html6.html7.html8.html9.html10.html11.html12.html13.html14.html15.html16.html17.html18.html19.html20.html21.html22.html23.html24.html25.html26.html27.html28.html29.html30.html31.html32.html33.html34.html35.html