Feeds

17 charged over multi-million card fraud racket

Cybercrime Inc.

The essential guide to IT transformation

A group of 17 people has been indicted in New York for alleged involvement in a credit card counterfeiting and an ID theft racket that raked in millions.

The defendants allegedly trafficked more than 95,000 stolen credit card numbers and caused banks losses estimated at $4m, the 173-count indictment alleges, Reuters reports. The defendants allegedly made themselves well known in underground carder forums by running ads on various sites. One of the sites allegedly run by the group was the pleasingly-monikered The International Association for the Advancement of Criminal Activity, a sort of THRUSH for the digital age perhaps.

Reuters adds that the defendants include married couple Vadim Vassilenko (40) and Yelena Barysheva (42), who pleaded guilty in September 2006 to running an unlicensed money transfer and cheque-cashing business. The duo, from Russia and the Ukraine, are currently behind bars serving time for these offences. The latest indictment charges that Vassilenko and Barysheva's business, Western Express International Inc., acted as a conduit for $35m in suspect funds.

The couple's defence lawyer, Daniel Gotlin, said the new charges were a repeat of those they faced at an earlier trial. He alleged prosecutors were lining the duo up for a fresh trial because they were "disappointed" with Vassilenko and Barysheva's earlier sentences. Vassilenko was jailed for two to six years and Barysheva for one to three years at the earlier hearing. ®

5 things you didn’t know about cloud backup

More from The Register

next story
Goog says patch⁵⁰ your Chrome
64-bit browser loads cat vids FIFTEEN PERCENT faster!
Chinese hackers spied on investigators of Flight MH370 - report
Classified data on flight's disappearance pinched
KER-CHING! CryptoWall ransomware scam rakes in $1 MEEELLION
Anatomy of the net's most destructive ransomware threat
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
Researchers camouflage haxxor traps with fake application traffic
Honeypots sweetened to resemble actual workloads, complete with 'secure' logins
prev story

Whitepapers

Gartner critical capabilities for enterprise endpoint backup
Learn why inSync received the highest overall rating from Druva and is the top choice for the mobile workforce.
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.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
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.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.