MEMBERS of a cyber gang who targeted the University of Portsmouth among many other victims are facing jail after being found guilty of fraud.
The organised crime group plundered £1.25m from British banks, and used a trojan horse device to hijack computers at branches of Barclays and Santander and siphon off cash.
They also stole credit and bank card details from around one million intercepted letters and used them to splash out on Rolex watches and designer jewellery worth more than £1m, police said.
The gang used the trojan-horse style KVM device to make 128 transfers worth £1,252,490 to a network of mule accounts set up to launder the stolen cash.
Prosecutor Simon Farrell QC told Southwark Crown Court: ‘This case concerns a sophisticated and organised attack on the banking system.’