My daughter was upset tonight that her friend had had his bank account hacked and all his money nicked. She asked how that could be done. We had a good discussion but we didn't have a complete answer as to how this could be done and I wondered if anyone could enlighten me?

I understand phishing and key logging and ways to get an person's details. But what i don't understand is how they get away with the stealing?

Senario1:
I nick a few dollars from someone's bank account. Simply transfer it into my account. But the Police would know it's me since it's gone to my account. Caught red handed.

Senario2:
Same deal. Only the money goes into a spoof bank account. Now how do I set that up since I need my passport, electric bill, a reference and what I had for breakfast as ID before I can set up the account. Can't be done?

Senario3:
I simply use the stolen account details to buy good on-line. 100" TV lands at my place. A few days later the Police arrive too as they have my address from the purchase.

Senario4:
Same deal. Only I have a place I just use for deliveries. Again, how do I set that up and really! - I'd need to establish a different delivery address for my ongoing theft.

I can see there being some controversy with me asking this question, but it just confounds me how people can establish a spoof identity/location and become invisible.

I think I'd fail MI5 trials.