We have no information that this case relates to identity theft or bank fraud.

It's totally geared at identity theft. The trojan is specifically made to steal banking log-in information and to steal (confidential information) you use to purchase stuff online.

They pose as a customer seeking information about their account. So, in essence, it's a kind of identity theft.

[The SFO] spent 18 months [sic] investigating the company and then found out there wasn't the fraud or theft of money, ... Try to explain to a bureaucrat why a company that has never made a profit can be worth 30 million pounds [$48 million]...it sounds like a con.

[The SFO] spent 18 months [sic] investigating the company and then found out there wasn't the fraud or theft of money. Try to explain to a bureaucrat why a company that has never made a profit can be worth 30 million pounds [$48 million]...it sounds like a con.

Online banking account hijacking is the fastest-growing form of identity theft we monitor. Regulators want to get in front of the problem rather than be reactive.