Feeds

Four charged in landmark UK phishing case

Eastern Europeans in the dock

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Four eastern Europeans appeared in a London court yesterday charged with defrauding online banks of hundreds of thousands through an elaborate 'phishing' scam.

The two men and two women from Russia, Estonia and Ukraine are allegedly leading members of a gang that siphoned cash from ebanking accounts after conning consumers into handing over confidential banking details. Russian Olga Borissova, 31, Ukrainian Vitalij Kirilenko, 34, and Estonians Liiv Ravino, 30, and Teni Terje, 25, were each charged with one count of conspiracy to defraud financial institutions and a single laundering charge at a hearing in Bow Street Magistrates Court. Bail was refused for all four. A preliminary hearing at Southwark Crown Court has been scheduled for 21 October.

Police are on the lookout for three other eastern European suspects, arrested as part of the same investigation, who have gone on the run. Officers from the UK's National High-Tech Crime Unit are leading the case, which it describes as "the first time in the world charges relating to phishing have been pressed" in court, the Financial Times reports.

Scam emails that form the basis of phishing attacks pose as 'security check' emails from well-known banks. These messages attempt to trick users into handing over their account details and passwords. The collected details are used to engineer fraudulent transfers. First seen in the UK approximately a year ago, phishing emails are becoming increasingly sophisticated, directing users to bogus websites which accurately reproduce the look and feel of legitimate sites. Industry organisation the Association for Payment Clearing Services (APACS) has noticed a reduction in growth of phishing and a greater use of malicious code (often including key logging and Trojan) components in fraudulent scams.

Earlier this month the banking industry launched a website (banksafeonline.org.uk) designed to warn consumers about the risk of phishing attacks. APACS reckons phishing scams have netted 2,000 UK victims over the last year resulting in losses of £4.5m. ®

Related stories

UK police arrest 12 phishing mule suspects
UK police arrest copycat phisher
DIY phishing kits hit the Net
UK police issue 'vicious' Trojan alert
UK banks launch anti-phishing website

Intelligent flash storage arrays

More from The Register

next story
Knock Knock tool makes a joke of Mac AV
Yes, we know Macs 'don't get viruses', but when they do this code'll spot 'em
Shellshock over SMTP attacks mean you can now ignore your email
'But boss, the Internet Storm Centre says it's dangerous for me to reply to you'
Why weasel words might not work for Whisper
CEO suspends editor but privacy questions remain
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
China is ALREADY spying on Apple iCloud users, claims watchdog
Attack harvests users' info at iPhone 6 launch
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Business security measures using SSL
Examines the major types of threats to information security that businesses face today and the techniques for mitigating those threats.