A former Lloyds bank boss in charge of online security admitted a £2.4 million fraud on Tuesday.
Jessica Harper took the money over a four-year period while working as head of fraud and security for digital banking at Lloyds Banking Group.
Harper stood in the dock at Southwark Crown Court, in London, and admitted a single charge of fraud by abuse of position by submitting false invoices to claim payments totalling £2,463,750.
She also admitted a single charge of transferring criminal property, the money, which she had defrauded from her employers.
The 50-year-old, from Croydon, south London, carried on the fraud between December 28 2007 and December 21 last year, the court heard.