All the latest UK technology news, reviews and analysis

Hackers sentenced for Trojan bank heist

by Shaun Nichols

17 Nov 2009

Be the first to comment

  • Tweet this
Trojan horse
The PSP2-BBB Trojan was used to perform 'man-in-the-middle' attacks

Four cyber criminals have been sentenced to jail for attempting to steal money and credentials from bank accounts in the UK.

The men were given sentences ranging from 21 months to four and a half years for their parts in the theft and laundering scam.

The hackers used the PSP2-BBB Trojan application to perform 'man-in-the-middle' attacks which redirected money transfers to third-party accounts.

The Metropolitan Police said that 'money mules' then accessed the funds and resent them as Western Union wire transfers to various destinations in Russia and eastern Europe, thus preventing investigators from tracing the path of the stolen money.

Authorities broke up the scam in April, hailing it as an early victory for the new Metropolitan Police Central e-Crime Unit. Police estimated that the total haul in the heist was in the six-figure range.

"This was a complex investigation which certainly involves other people in Russia, but there was a clear structure to the organisation in the UK," said detective constable Kevin Brocklesby.

"Plenty of people appear to be willing to accept money into their accounts with no questions asked, and they are a crucial cog in this kind of criminal machine."

Do you agree?

 

Add your comment

We won't publish your address
By submitting a comment you agree to abide by our Terms & Conditions. Your comment will be moderated before publication.

Poll

Flame virus poll

Are you confident that the UK's IT infrastructure is secure from attack in the wake of the Flame malware revelations?

36%

0%

10%

54%

Connect with V3.co.uk

Sign up to our daily or weekly newsletters

Symanteccloud

Social networking: a guide for IT managers

Social networking is almost ubiquitous. This white paper examines the benefits and risks and it looks at the different ways companies can reconcile them

Riverbed

Mitigating the risks of IT change

The importance of understanding your infrastructure

C# Developer - Leamington Spa

C# Developer - .Net Developer ( C#/ASP.Net ) - Warwick...

ITIL Service Desk Manager / Incident Manager. Lancashire

ITIL Service Desk Manager / Incident Manager required...

Project Manager IP, MPLS Networks, London EC1

Client Facing Project Manager, Project Management, Managed...

Project Manager, IPT, VoIP - North West or Midlands

Client Facing Project Manager, Project Management, IPT...

To send to more than one email address, simply separate each address with a comma.