Thursday, June 23, 2011

Ukraine Disrupts $72M Conficker Hacking Ring

Jeremy Kirk writes on ComputerWorld:

Ukraine's security service said Thursday it had disrupted a cybercrime ring that cost the banking industry more than $72 million using Conficker, a fast-spreading worm unleashed in 2008.

The hackers allegedly used Conficker to spread antivirus software, according to a translation of a news release from the SBU, the Ukraine's state security service. The antivirus software, however, contained malware that collected online banking details.

The SBU said it conducted 19 raids on Tuesday in tandem with law enforcement in other countries. Latvian police arrested two people, and more than 40 financial accounts were frozen in banks in Cyprus and Latvia.

The U.S. Federal Bureau of Investigation also participated in the investigation along with agencies in the U.K., the Netherlands, France, Germany, Cyprus, Latvia and two other unnamed countries, according to the release. Thirty servers were seized in countries outside the Ukraine.

Ukrainian authorities questioned 16 people and have seized computer equipment, documents and money. SBU and FBI officials with knowledge of the case could not be immediately reached.

More here.


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