Feeds

Trojan phishing suspect hauled in

Stole millions (allegedly)

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

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

Beginner's guide to SSL certificates

More from The Register

next story
FYI: OS X Yosemite's Spotlight tells Apple EVERYTHING you're looking for
It's on by default – didn't you read the small print?
Russian hackers exploit 'Sandworm' bug 'to spy on NATO, EU PCs'
Fix imminent from Microsoft for Vista, Server 2008, other stuff
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
Microsoft pulls another dodgy patch
Redmond makes a hash of hashing add-on
'LulzSec leader Aush0k' found to be naughty boy not worthy of jail
15 months home detention leaves egg on feds' faces as they grab for more power
China is ALREADY spying on Apple iCloud users, claims watchdog
Attack harvests users' info at iPhone 6 launch
Carders punch holes through Staples
Investigation launched into East Coast stores
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.