Feeds

Russian WebMoney hacker cuffed over Trojan scam

Cybercrook turned to assist e-crime investigations

Protecting against web application threats using SSL

Russian police have reportedly arrested a hacker who developed a tool for siphoning cash from WebMoney accounts.

Details remain sketchy, but it seems that the unnamed 20-year-old miscreant got tired of simply ripping off accounts himself and developed a Trojan designed to loot funds held in accounts with the WebMoney electronic money and online payment system. The cracker sold about 50 copies of his illicit code for as little as $100 apiece before local police caught up with him.

The malware the young hacker developed changed payment details so that money sent through the service was diverted into the accounts of miscreants. The youngster has confessed his involvement with the scam and is helping Russian investigators in other investigations in exchange for more lenient treatment, E-commerce Journal reports.

WebMoney has an estimated 4.5 million users worldwide, many of who live in Russia and neighbouring republics, the first market targeted by the online payment service when it launched back in 1998. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Early result from Scots indyref vote? NAW, Jimmy - it's a SCAM
Anyone claiming to know before tomorrow is telling porkies
TOR users become FBI's No.1 hacking target after legal power grab
Be afeared, me hearties, these scoundrels be spying our signals
Jihadi terrorists DIDN'T encrypt their comms 'cos of Snowden leaks
Intel bods' analysis concludes 'no significant change' after whistle was blown
Home Depot: 56 million bank cards pwned by malware in our tills
That's about 50 per cent bigger than the Target tills mega-hack
Hackers pop Brazil newspaper to root home routers
Step One: try default passwords. Step Two: Repeat Step One until success
NORKS ban Wi-Fi and satellite internet at embassies
Crackdown on tardy diplomatic sysadmins providing accidental unfiltered internet access
UK.gov lobs another fistful of change at SME infosec nightmares
Senior Lib Dem in 'trying to be relevant' shocker. It's only taxpayers' money, after all
Critical Adobe Reader and Acrobat patches FINALLY make it out
Eight vulns healed, including XSS and DoS paths
Spies would need SUPER POWERS to tap undersea cables
Why mess with armoured 10kV cables when land-based, and legal, snoop tools are easier?
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.