Feeds

Russian authorities detain suspected bank carding kingpin

$660,000 gone in 6 months

The essential guide to IT transformation

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. ®

Next gen security for virtualised datacentres

More from The Register

next story
Snowden on NSA's MonsterMind TERROR: It may trigger cyberwar
Plus: Syria's internet going down? That was a US cock-up
Who needs hackers? 'Password1' opens a third of all biz doors
GPU-powered pen test yields more bad news about defences and passwords
e-Borders fiasco: Brits stung for £224m after US IT giant sues UK govt
Defeat to Raytheon branded 'catastrophic result'
Microsoft cries UNINSTALL in the wake of Blue Screens of Death™
Cache crash causes contained choloric calamity
Germany 'accidentally' snooped on John Kerry and Hillary Clinton
Dragnet surveillance picks up EVERYTHING, USA, m'kay?
Linux kernel devs made to finger their dongles before contributing code
Two-factor auth enabled for Kernel.org repositories
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.