Feeds

Brazilian cops net 'phishing kingpin'

Trojan scam netted up to $37m

  • alert
  • submit to reddit

Protecting against web application threats using SSL

Brazilian police last week arrested the suspected kingpin of a gang which looted an estimated $37m from online banking accounts. Valdir Paulo de Almeida allegedly masterminded a scam to raid accounts using a Trojan horse sent by email to thousands of victims, mostly Brazilian.

This commonly used ploy enables crooks to capture security credentials of victims through keystroke logging. Using this information, criminals can transfer to themselves the money held in compromised accounts. Typically, the money is washed through the accounts of a number of middlemen to make tracing more difficult.

Investigators says that Paulo de Almeida headed one of Brazil's biggest gangs of online fraudsters, perhaps 18-strong: "They moved between 50 and 100 million reais ($18m and $37m) over the last two years... [and] sent over three million emails with Trojan horses per day," Eduardo Cidreira, head of the police department in charge of Internet fraud in Brazil's southern state of Santa Catarina told Reuters.

Anti-virus firm Sophos notes the recent appearance of Trojan horses (such as Troj/Banker-AR Trojan horse and Troj/Banker-K) being written specifically to target customers of Brazil's online banking websites. It reckons that Trojans are used increasingly used as a phishing device to steal money. Paulo de Almeida's arrest is the latest in a series of police busts against suspected Brazilian phishers. Last year 50 such arrests were made, but none are alleged to have stolen as much as Paulo de Almeida. ®

Related stories

Trojan targets UK online bank accounts
Brazil cybercrime bust nets 50
Brazil 'tops cybercrime league'

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Spies would need SUPER POWERS to tap undersea cables
Why mess with armoured 10kV cables when land-based, and legal, snoop tools are easier?
Early result from Scots indyref vote? NAW, Jimmy - it's a SCAM
Anyone claiming to know before tomorrow is telling porkies
TOR users become FBI's No.1 hacking target after legal power grab
Be afeared, me hearties, these scoundrels be spying our signals
Jihadi terrorists DIDN'T encrypt their comms 'cos of Snowden leaks
Intel bods' analysis concludes 'no significant change' after whistle was blown
Home Depot: 56 million bank cards pwned by malware in our tills
That's about 50 per cent bigger than the Target tills mega-hack
Hackers pop Brazil newspaper to root home routers
Step One: try default passwords. Step Two: Repeat Step One until success
China hacked US Army transport orgs TWENTY TIMES in ONE YEAR
FBI et al knew of nine hacks - but didn't tell TRANSCOM
Microsoft to patch ASP.NET mess even if you don't
We know what's good for you, because we made the mess says Redmond
NORKS ban Wi-Fi and satellite internet at embassies
Crackdown on tardy diplomatic sysadmins providing accidental unfiltered internet access
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.