Friday, September 24, 2010

Cyber Fraud Ring Dismantled in Ukraine

Lucian Constantin writes on Softpedia Security News:

A group of five hackers were arrested by Ukrainian authorities this month under suspicion of stealing millions from the bank accounts of foreign companies.

The cyberfraud ring was operating out of Odessa, a city in Southern Ukraine, and according to the investigators its members were raking up between 300 and 500 thousand dollars per month.

The hackers allegedly used malware to obtain unauthorized access to the bank accounts of foreign companies, organizations or institutions and siphon cash out.

The arrests were the result of a joint operation between the Ukrainian police, the Anti-Corruption Bureau of the General Directorate of Combating Organized Crime and the Ministry of Internal Affairs (MIA).

HostExploit reports that local authorities believe the group might be responsible for stealing $1 million from the accounts of Sony Europe alone.

When raiding the hackers' hideout, the police seized servers, computers, printers, stamps, forms, credit cards, fake documents, fake passports and 350 thousand dollars.

More here.


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