Feeds

SpyEye suspects charged over alleged banking scam

Two in court, one on bail

Top 5 reasons to deploy VMware with Tegile

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. ®

Internet Security Threat Report 2014

More from The Register

next story
'Kim Kardashian snaps naked selfies with a BLACKBERRY'. *Twitterati gasps*
More alleged private, nude celeb pics appear online
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
Spies would need SUPER POWERS to tap undersea cables
Why mess with armoured 10kV cables when land-based, and legal, snoop tools are easier?
TOR users become FBI's No.1 hacking target after legal power grab
Be afeared, me hearties, these scoundrels be spying our signals
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

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.