Feeds

US and Romania dredge up 38 phishing suspects

Bank card gang PINned down

The Power of One eBook: Top reasons to choose HP BladeSystem

Police in the US and Romania have charged 38 members of a suspected phishing gang.

The group reportedly organised the theft of online banking credentials using both email and text message lures. One phase of the attack involved the distribution of 1.3m fraudulent text messages that posed as communiques from a prospective mark's bank, according to the US Department of Justice.

Data entered by unwary users into a fraudulent website was used to create counterfeit bank cards, which were then used to siphon money from compromised accounts. A percentage of the proceeds were allegedly sent onto Romania while the rest was kept by their US accomplices. Fraudulent transactions were made in Canada, Pakistan, Portugal and Romania.

Customers of financial institutions including Citibank, Capital One, JPMorgan Chase, Comerica Bank, Wells Fargo, eBay and PayPal were targeted by the attack. A complaint over a fraudulent email ostensibly from Connecticut-based People’s Bank prompted an investigation that dismantled the alleged cybercrime ring. It's unclear how much the gang made through the scam.

More than half of those charged are Romanian, while the others are US residents originally from South East Asia. Most of the suspects have been arrested in a series of raids over the last few months while some of the Romanian suspects remain unidentified.

Seuong Wook Lee, a cashier operating at the US end of the scam, pleaded guilty to racketeering, conspiracy, bank fraud, access device fraud and computer hacking offences on 15 May, at a hearing in the US District Court in Los Angeles.

More in a DoJ statement here. ®

Designing a Defense for Mobile Applications

More from The Register

next story
Mozilla fixes CRITICAL security holes in Firefox, urges v31 upgrade
Misc memory hazards 'could be exploited' - and guess what, one's a Javascript vuln
How long is too long to wait for a security fix?
Synology finally patches OpenSSL bugs in Trevor's NAS
Don't look, Snowden: Security biz chases Tails with zero-day flaws alert
Exodus vows not to sell secrets of whistleblower's favorite OS
Roll out the welcome mat to hackers and crackers
Security chap pens guide to bug bounty programs that won't fail like Yahoo!'s
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
Researcher sat on critical IE bugs for THREE YEARS
VUPEN waited for Pwn2Own cash while IE's sandbox leaked
Four fake Google haxbots hit YOUR WEBSITE every day
Goog the perfect ruse to slip into SEO orfice
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
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.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.