Feeds

SpyEye suspects charged over alleged banking scam

Two in court, one on bail

High performance access to file storage

UK police have arrested three men over an alleged scam involving stealing money from online bank accounts that had been compromised using the infamous SpyEye Trojan.

Two of the three men – Pavel Cyganoc, 26, a Lithuanian resident of Birmingham, and Aldis Krummins, 45, a Latvian resident of Goole, Humberside – appeared at Westminster Magistrates Court on Saturday charged with computer hacking, fraud and money-laundering offences. A third (unnamed) 26-year-old suspect was released on police bail pending further inquiries.

The gang are alleged to have used banking Trojans, created using the SpyEye cybercrime toolkit, to lift bank login credentials from compromised PCs, PC World reports. It is unclear whether the suspects were simply money mules – low-level cyber-crooks tasked with receiving funds from locally compromised accounts before sending the proceeds of crime to east European cybercrime lords – or higher up the food chain.

Investigations in the case, which began in January and remain ongoing, were led by the Police Central e-Crime Unit, a specialist squad of cybercops based in Scotland Yard. A Met police spokesman confirmed the names of the suspects but was unable to provide further information on the case due to a reporting restriction, routinely imposed at the early stage of UK court proceedings.

Last year, police in the US and UK arrested dozens of suspected money mules while police in the Ukraine arrested three higher level suspects in an alleged racket involving the ZeuS cybercrime toolkit.

Both ZeuS and SpyEye create a means to create customised banking Trojans. Each is offered for sale via unground cybercrime forums for around $1,000 a licence.

Reports last October suggest the author of ZeuS hung up his coding tools and passed on development of his malware to the developer of SpyEye, a former rival. Development of both products has continued since, with Both ZeuS and SpyEye continuing to support a malign ecosystem of resellers and end users. ®

High performance access to file storage

More from The Register

next story
Parent gabfest Mumsnet hit by SSL bug: My heart bleeds, grins hacker
Natter-board tells middle-class Britain to purée its passwords
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Web data BLEEDOUT: Users to feel the pain as Heartbleed bug revealed
Vendors and ISPs have work to do updating firmware - if it's possible to fix this
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Call of Duty 'fragged using OpenSSL's Heartbleed exploit'
So it begins ... or maybe not, says one analyst
German space centre endures cyber attack
Chinese code retrieved but NSA hack not ruled out
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.