Feeds

Trojan phishing suspect hauled in

Stole millions (allegedly)

  • alert
  • submit to reddit

5 things you didn’t know about cloud backup

An Estonian man suspected of plundering millions from hundreds of online bank accounts accounts across Europe was arrested last week. AP reports that the unnamed 24 year-old allegedly used a sophisticated Trojan in order to monitor the keystrokes on victims' PCs and extract confidential banking passwords that allowed him to plunder online accounts.

The unnamed Trojan was bulk mailed to prospective victims in emails that promised lucrative job offers from government institutions, banks and investment firms. In reality it linked to a web page hosting malicious code.

Investigators reckon the suspect stole millions of euros from bank accounts in the Germany, Britain, Spain and the Baltic states. Aivar Pau, a spokesman for Estonia's central criminal police, said last week's arrest followed a year long investigation into what he described as the biggest case of online banking theft in Estonian history. The suspect faces fraud charges punishable by up to five years imprisonment.

Estonian police were aided in their investigation by IT specialists from Hansabank as well as Latvian and Lithuanian police. Jaan Priisalu, an IT risk manager at Hansabank, told AP the Trojan used in scam was the most sophisticated he had ever seen.

The use of malicious code and phishing scams to extract confidential account details from consumers have cost British banks approximately £12m in 2004, according to an estimate from banking group APACS published last month. APACS and UK police warn that the use of malicious code in such attacks in beginning to eclipse conventional phishing attacks in its severity. ®

Related stories

Brazilian cops net 'phishing kingpin'
Cyber cops foil £220m Sumitomo bank raid
Trojan targets UK online bank accounts
UK banks launch anti-phishing website

The essential guide to IT transformation

More from The Register

next story
One HUNDRED FAMOUS LADIES exposed NUDE online
Celebrity women victimised as Apple iCloud accounts reportedly popped
Rubbish WPS config sees WiFi router keys popped in seconds
Another day, another way in to your home router
Goog says patch⁵⁰ your Chrome
64-bit browser loads cat vids FIFTEEN PERCENT faster!
NZ Justice Minister scalped as hacker leaks emails
Grab your popcorn: Subterfuge and slur disrupts election run up
HP: NORKS' cyber spying efforts actually a credible cyberthreat
'Sophisticated' spies, DIY tech and a TROLL ARMY – report
NIST to sysadmins: clean up your SSH mess
Too many keys, too badly managed
Scratched PC-dispatch patch patched, hatched in batch rematch
Windows security update fixed after triggering blue screens (and screams) of death
Attack flogged through shiny-clicky social media buttons
66,000 users popped by malicious Flash fudging add-on
New Snowden leak: How NSA shared 850-billion-plus metadata records
'Federated search' spaffed info all over Five Eyes chums
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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?