Friday, October 08, 2010

Russian Talent Turning to Cyber Crime

Anastasia Ustinova writes in The New Zealand Herald:

The US Department of Justice said it might have been the most sophisticated computer fraud.


For Viktor Pleshchuk, it was the chance to buy a brand new BMW and an apartment in his hometown of St Petersburg.


The 29-year-old last month pleaded guilty to participating in a worldwide hacking scheme that led to the illegal withdrawal of more than US$9 million ($12 million) from cash machines worldwide operated by RBS WorldPay, the US payment-processing division of Britain's Royal Bank of Scotland Group.


The conviction shed light on a growing trend from Russia.


Just as President Dmitry Medvedev seeks to persuade investors his country is a safe place, more technology graduates are turning to cybercrime.


More here.

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