Feeds

Siberian crooks dev'd custom malware in ATM slurp heist scheme

Bent bank insiders braceleted in Arctic busts

Choosing a cloud hosting partner with confidence

Russian cybercrooks contracted a virus writer to develop custom-made malware before launching a plot to loot compromised ATM machines.

Although the gang – mostly from Yakutsk, a mid-sized city close to the Artic Circle in Siberia – were ultimately caught, the sophistication, planning and investment that went into their plot ought to be a wake-up call for the banking industry.

The Moscow-based leader of the gang contacted a virus writer through an underground forum and paid him 100,000 rubles ($3,200) to create malware capable of infecting ATMs, security site Host Exploit reports.

A series of corrupt banking industry insiders had already been recruited by the gang. One leading member of the gang worked as a system admin for a bank, a role that gave him the opportunity to distribute the malware on ATMs. He needn't have worried too much about his bosses getting wind of the scheme because one of his cohorts was the bank's head of IT. Once in place, the malware allowed the gang to obtain bank card details and associated PIN codes for later fraud.

Other members of the group were to act as money mules, cashing out funds from compromised accounts, before funds were distributed. Fortunately officers from the Ministry of the Interior got wind of the scam and arrested the gang before the devilish scheme came to fruition. Police mounted a series of raids leading to arrests as well as the seizure of malware samples, credit card records and computer equipment used to carry out the alleged scam. The alleged virus writer was also captured in the round-up.

A Google translation of a Russian Ministry of the Interior statement on the case can be found here. ®

Beginner's guide to SSL certificates

More from The Register

next story
Russian hackers exploit 'Sandworm' bug 'to spy on NATO, EU PCs'
Fix imminent from Microsoft for Vista, Server 2008, other stuff
Microsoft pulls another dodgy patch
Redmond makes a hash of hashing add-on
FYI: OS X Yosemite's Spotlight tells Apple EVERYTHING you're looking for
It's on by default – didn't you read the small print?
'LulzSec leader Aush0k' found to be naughty boy not worthy of jail
15 months home detention leaves egg on feds' faces as they grab for more power
Forget passwords, let's use SELFIES, says Obama's cyber tsar
Michael Daniel wants to kill passwords dead
FBI boss: We don't want a backdoor, we want the front door to phones
Claims it's what the Founding Fathers would have wanted – catching killers and pedos
Kill off SSL 3.0 NOW: HTTPS savaged by vicious POODLE
Pull it out ASAP, it is SWISS CHEESE
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.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.