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Ukrainian authorities charge four in huge carder ring

$20 million in alleged harm

Internet Security Threat Report 2014

Ukrainian authorities said they arrested four people who were part of organized hacking gang that caused about $20 million in damages through the use of fraudulent payment cards.

The individuals were seized earlier this month, along with data stored on a computer for about 100,000 cards, according to a statement (Google translation here) from the Ukrainian security service SBU. They were part of a gang that made unauthorized transfers from private bank accounts.

“Members of the group have created an extensive, well hidden network throughout Ukraine, consisting of more than 20 people from among citizens of Ukraine and foreigners,” the statement alleged. “Using specialized software and hardware devices, and modern computer technology, members of the group carried out unauthorized copying of confidential information about bank cards needed for making fake plastic payment means of international payment systems with their subsequent use to steal money from bank accounts of citizens of different countries.”

US agents assisted in the investigation. The four unnamed suspects were charged under Ukrainian Criminal Code for various offenses involving computer and network breaches. ®

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