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Did XML or web services play a role in Citibank fraud case?

From: "Ken North" <kennorth@---------.--->
To: <xml-dev@-----.---.--->
Date: 4/20/2005 10:40:00 PM
Details are still emerging about a case in 
India involving MphasiS employees siphoning funds from Citibank 
customer accounts. Mphasis has been 
providing business process outsourcing to a customer list that includes FedEx, 
J.P. Morgan Chase & Co and Citicorp. Some news reports talk about a call 
center, but according to a 
2001 eWEEK article, Mphasis 
provides "integration and 
middleware" to complement legacy systems.
 
Citibank has adopted XML vocabularies for 
finance (e.g., OFX) and deployed web services for private, corporate and 
institutional use. Citibank offers online self-service banking. CitiConnect 
is an electronic payment processing system that exchanges XML messages. CitiFile 
Services uses the internet for "secure file transfers without a host-to-host connection". 
 

As of yesterday, 19 people had been 
arrested but police have suggested there could be a larger fraud involving more 
people. Some of those arrested used 
cyber cafes to transfer funds because they were monitored at work. News reports 
say some the rogue employees obtained PIN numbers and 
passwords.
 
 
======== Ken North ===========
www.WebServicesSummit.com
www.SQLSummit.com
www.GridSummit.com

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