Feeds

Gang sentenced for UK bank trojan

Almost £600,000 siphoned

Top three mobile application threats

A British court has sentenced four men to prison after they admitted they used sophisticated trojan software to steal almost £600,000 from bank accounts and send it to Eastern Europe.

London's Southwark Crown Court on Friday imposed sentences of as much as 4 and a half years on the men. According to IDG News, they used a trojan known as PSP2-BBB to stealthily monitor victims' browsers. It inserted special fields into banking pages that asked for sensitive information and then sent it to the criminals when the user complied.

To give it the pages air of legitimacy, they bore the logo of NatWest, according to other news reports. The gang used a stable of money mules to transfer the funds to countries including Ukraine, which is also the location of a computer server that was used in the scam.

At least 138 banking customers were affected with "just under £600,000 being fraudulently transferred," according to the Press Association. Almost £140,000 was later recouped from Royal Bank of Scotland, NatWest's parent company.

Azamat Rahmanov, 25 of London's Lewisham, received four and a half years and was considered one of the organizers, according to news reports. Shohruh Fayziev, a 23-year-old Uzbekistani who lived in Peckham Rye, Southwark, in south east London, got four years. He was regarded as a "trusted lieutenant."

The remaining two men were the Angolan-born "facilitator" Joao Cruz, 33, of South London, who received three years, and Portuguese Recardo Pereira, 36, of Essex, who was sentenced to 21 months.

UK authorities have hailed the case as the first collaboration between the financial industry and the Police Central e-Crime Unit, which was established earlier this year to crack down on cybercrime. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Heartbleed exploit, inoculation, both released
File under 'this is going to hurt you more than it hurts me'
Canadian taxman says hundreds pierced by Heartbleed SSL skewer
900 social insurance numbers nicked, says revenue watchman
German space centre endures cyber attack
Chinese code retrieved but NSA hack not ruled out
Burnt out on patches this month? Oracle's got 104 MORE fixes for you
Mass patch for issues across its software catalog
Reddit users discover iOS malware threat
'Unflod Baby Panda' looks to snatch Apple IDs
Oracle working on at least 13 Heartbleed fixes
Big Red's cloud is safe and Oracle Linux 6 has been patched, but Java has some issues
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
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.
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.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.