Feeds

Russian authorities detain suspected bank carding kingpin

$660,000 gone in 6 months

Internet Security Threat Report 2014

Russian authorities have detained a Ukrainian citizen accused of overseeing a criminal operation that used fraudulent credit cards and passports to siphon large amounts of cash out of banks around the world.

The detention of the unnamed suspect came as Department K of the Russian Interior Ministry stopped the actions of the international criminal group the Ukrainian allegedly led, according to a press release (Google translation here) issued on Monday. The group, which was made up of at least 50 members, siphoned more than $660,000 out of 17 Russian banks between January and June alone.

Russian authorities also confiscated more than 100 counterfeit credit cards and an encoder used to write data to cards' magnetic stripe.

The action comes as authorities in Ukraine, the US, and UK last week rounded up dozens of people suspected of participating in bank fraud related to Zeus, a prolific computer trojan that specializes in stealing banking credentials of its victims. Most of those arrested were accused of being money mules who used fraudulent passports to launder money stolen from compromised accounts. Five of those detained in Ukraine were accused of orchestrating the overarching scheme.

Russian authorities didn't say if those detained were related to the same crime ring, but the activities they're accused of sound remarkably similar. Some of the Russian suspects are accused of using fake passports to mislead bank employees. ®

Internet Security Threat Report 2014

More from The Register

next story
George Clooney, WikiLeaks' lawyer wife hand out burner phones to wedding guests
Day 4: 'News'-papers STILL rammed with Clooney nuptials
Shellshock: 'Larger scale attack' on its way, warn securo-bods
Not just web servers under threat - though TENS of THOUSANDS have been hit
Apple's new iPhone 6 vulnerable to last year's TouchID fingerprint hack
But unsophisticated thieves need not attempt this trick
PEAK IPV4? Global IPv6 traffic is growing, DDoS dying, says Akamai
First time the cache network has seen drop in use of 32-bit-wide IP addresses
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Researchers tell black hats: 'YOU'RE SOOO PREDICTABLE'
Want to register that domain? We're way ahead of you.
Stunned by Shellshock Bash bug? Patch all you can – or be punished
UK data watchdog rolls up its sleeves, polishes truncheon
prev story

Whitepapers

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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.