Feeds

Trojan phishing suspect hauled in

Stole millions (allegedly)

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

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

Build a business case: developing custom apps

More from The Register

next story
14 antivirus apps found to have security problems
Vendors just don't care, says researcher, after finding basic boo-boos in security software
'Things' on the Internet-of-things have 25 vulnerabilities apiece
Leaking sprinklers, overheated thermostats and picked locks all online
iWallet: No BONKING PLEASE, we're Apple
BLE-ding iPhones, not NFC bonkers, will drive trend - marketeers
Only '3% of web servers in top corps' fully fixed after Heartbleed snafu
Just slapping a patched OpenSSL on a machine ain't going to cut it, we're told
How long is too long to wait for a security fix?
Synology finally patches OpenSSL bugs in Trevor's NAS
Israel's Iron Dome missile tech stolen by Chinese hackers
Corporate raiders Comment Crew fingered for attacks
Tor attack nodes RIPPED MASKS off users for 6 MONTHS
Traffic confirmation attack bared users' privates - but to whom?
Roll out the welcome mat to hackers and crackers
Security chap pens guide to bug bounty programs that won't fail like Yahoo!'s
Canada's boffins need A WHOLE YEAR to recover from China hack attack
'State-sponsored actor' breached National Research Council network
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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.