Feeds

Trio indicted over Trojan brokerage scam

Inside man cons crooks

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

Three men have been indicted for fraud in the US over accusations they used customised Trojan horse malware to plunder online banking and brokerage accounts.

Alexander Bobnev, of Volgograd in Russia, allegedly masterminded the scam and conspired with others in Russia to create the malware. Two naturalised US citizens Aleksey Volynskiy, of Manhattan, and Alexey Mineev from Hampton, New Hampshire, allegedly handled the US end of the scam, establishing local accounts into which money could be transferred before forwarding a percentage of the illicit earnings over to Russia, according to recent indictments (PDF and PDF).

The scam ran for around 15 month up until December 2007. But starting in June last year police succeeded in using an informant from Poughkeepsie*, New York, to undermine the fraud and collect evidence. Stolen loot was routed into a drop account under federal control, allowing police to trace payments of $15,400 and $4,700 from two compromised accounts held with online broker Charles Schwab.

The Three men are each charged with fraud. Volynskiy faces additional charges of conspiring to create counterfeit credit cards, Wired reports. ®

* Poughkeepsie is most famous for a line in The French Connection, where Jimmy "Popeye" Doyle, played in an Oscar winning turn by Gene Hackman, threatens to "nail" a confused suspect for "picking your feet in Poughkeepsie". The good cop, mad cop trick Doyle played along with his detective partner, Buddy Russo, confuses a suspect into handing over the information the two detectives need.

Designing a Defense for Mobile Applications

More from The Register

next story
Secure microkernel that uses maths to be 'bug free' goes open source
Hacker-repelling, drone-protecting code will soon be yours to tweak as you see fit
How long is too long to wait for a security fix?
Synology finally patches OpenSSL bugs in Trevor's NAS
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
Putin: Crack Tor for me and I'll make you a MILLIONAIRE
Russian Interior Ministry offers big pile o' roubles for busting pro-privacy browser
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.