Modernizing Authentication — What It Takes to Transform Secure Access
The UK's Police Central e-crime Unit (PCeU) recently announced that three men have received prison sentences for their involvement in a financial malware campaign.
"Lithuanian national Pavel Cyganok, 28, and Estonian national Ilja Zakrevski, 26, respectively received five- and four-year prison sentences on computer-misuse charges, while Latvian national Aldis Krummins, 45, was sentenced on June 18 to a two-year prison sentence on money laundering charges," writes InformationWeek's Mathew J. Schwartz.
"According to the PCeU, the crooks netted about £100,000 ($155,000) by using the SpyEye Trojan to help them break into online bank accounts," writes Sophos' Paul Ducklin. "They used the stolen money to fund and expand their criminal infrastructure, and to make online purchases of luxury items that they resold on auction sites."
"The PCeU’s investigation determined approximately 1,000 computers were infected and that citizens from the UK, Denmark, the Netherlands and New Zealand had been tricked into surrendering banking information that was in turn uploaded to servers Cyganok and Zakrevski owned," writes Threatpost's Christopher Brook.
"Last month saw some significant progress from law enforcement bodies in the fight against cybercrime," notes TechWeekEurope's Tom Brewster. "In late June, the FBI announced the arrest of 24 people, including six in the UK, after an undercover operation broke up a 'carding' fraud network. The teenage leader of the TeamPoison hacking team pleaded guilty to two charges last week, one of which related to the theft and publication of former Prime Minister Tony Blair’s address book in June 2011."