Feeds

Russian authorities detain suspected bank carding kingpin

$660,000 gone in 6 months

Top 5 reasons to deploy VMware with Tegile

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. ®

Security for virtualized datacentres

More from The Register

next story
'Kim Kardashian snaps naked selfies with a BLACKBERRY'. *Twitterati gasps*
More alleged private, nude celeb pics appear online
Home Depot ignored staff warnings of security fail laundry list
'Just use cash', former security staffer warns friends
Hackers pop Brazil newspaper to root home routers
Step One: try default passwords. Step Two: Repeat Step One until success
UK.gov lobs another fistful of change at SME infosec nightmares
Senior Lib Dem in 'trying to be relevant' shocker. It's only taxpayers' money, after all
Who.is does the Harlem Shake
Blame it on LOLing XSS terroristas
Snowden, Dotcom, throw bombs into NZ election campaign
Claim of tapped undersea cable refuted by Kiwi PM as Kim claims extradition plot
Freenode IRC users told to change passwords after securo-breach
Miscreants probably got in, you guys know the drill by now
THREE QUARTERS of Android mobes open to web page spy bug
Metasploit module gobbles KitKat SOP slop
BitTorrent's peer-to-peer chat app Bleep goes live as public alpha
A good day for privacy as invisble.im also reveals its approach to untraceable chats
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
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.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
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.