Feeds

5 botnet kingpins busted in $70m fraud ring

Zeus's bad-hair week

Intelligent flash storage arrays

Ukrainian police on Thursday arrested five people suspected of orchestrating an international fraud ring that siphoned more than $70m out of bank accounts by infecting computers with the Zeus trojan.

The action by Ukraine's SBU was part of an unprecedented partnership among law enforcement agencies in the US, the UK, the Netherlands, and Ukraine, the FBI said in a press release issued on Friday. “Operation Trident Beach” first came to light on Tuesday with the arrest of 19 people in London in connection to Zeus-related offenses. On Thursday, 11 individuals were charged in Westminster Magistrates' Court, and in New York federal prosecutors announced similar charges against 37.

Most of those suspects were accused of being “money mules” who set up hundreds of bank accounts under fraudulent names to launder money transferred from accounts that were compromised by the crimeware.

The five people arrested in Ukraine, by contrast, are “key subjects responsible for this overarching scheme” the FBI said. In all, the ring attempted to steal $220m and succeeded in getting $70m.

Trident Beach began in May 2009, when FBI agents in Omaha, Nebraska learned of automated clearing house batch payments to 46 separate bank accounts throughout the US. Agents eventually brought in counterparts from the other involved countries. The payments are a hallmark of Zeus scams, in which hackers break into victim bank accounts and then clean them out using the bank's ACH transfer system.

The thieves targeted small- to medium-sized companies, municipalities, churches, and individuals.

It's been a bad week for criminals who rely on Zeus. On Monday, a researcher disclosed an Achilles' Heel in the crimeware that makes it relatively easy to take over command and control servers. ®

Top 5 reasons to deploy VMware with Tegile

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.