Feeds

Trio indicted over Trojan brokerage scam

Inside man cons crooks

Top 5 reasons to deploy VMware with Tegile

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.

Intelligent flash storage arrays

More from The Register

next story
'Regin': The 'New Stuxnet' spook-grade SOFTWARE WEAPON described
'A degree of technical competence rarely seen'
You really need to do some tech support for Aunty Agnes
Free anti-virus software, expires, stops updating and p0wns the world
You stupid BRICK! PCs running Avast AV can't handle Windows fixes
Fix issued, fingers pointed, forums in flames
Privacy bods offer GOV SPY VICTIMS a FREE SPYWARE SNIFFER
Looks for gov malware that evades most antivirus
Patch NOW! Microsoft slings emergency bug fix at Windows admins
Vulnerability promotes lusers to domain overlords ... oops
HACKERS can DELETE SURVEILLANCE DVRS remotely – report
Hikvision devices wide open to hacking, claim securobods
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
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?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.