Feeds

US and Romania dredge up 38 phishing suspects

Bank card gang PINned down

SANS - Survey on application security programs

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. ®

High performance access to file storage

More from The Register

next story
Parent gabfest Mumsnet hit by SSL bug: My heart bleeds, grins hacker
Natter-board tells middle-class Britain to purée its passwords
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Mounties always get their man: Heartbleed 'hacker', 19, CUFFED
Canadian teen accused of raiding tax computers using OpenSSL bug
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Call of Duty 'fragged using OpenSSL's Heartbleed exploit'
So it begins ... or maybe not, says one analyst
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.