A boy of 17 who hacked into Lloyd's of London's website last New Year's Eve has admitted two breaches of the Computer Misuse Act 1990 at Hereford Youth Court.

The teenager was conditionally discharged for a year and ordered to pay £65 costs over the incident, which resulted in Lloyd's launching a thorough review of its site security.

He had also used his PC to hack into the national rail information website. On the Lloyd's website he wrote: “The UK caught the net boom but forgot about security.” He was traced by police to his home in Hereford.

A Lloyd's spokesman said security changes had been made to ensure the problem would not occur again.