09 October 2015

Account hacking gang arrested in Turkey

16 February 2007  |  5786 views  |  0 biometric  face pointer

Police in Turkey have arrested 17 members of a gang who allegedly hacked into online bank accounts and stole $300,000 from customers.

According to local press reports, the gang worked alongside three Russian hackers who provided them with usernames and passwords that had been stolen using spyware.

The Russian hackers are thought to have distributed passwords for thousands of Turkish Internet users in exchange for a 10% cut of the money stolen.

A 20-strong team from the Izmir Organised Crime Bureau began investigating the case after hundreds of Internet users complained about unexpected withdrawals from their online bank accounts in January.

The team traced the IP addresses of the computers making the illegal transactions, and this week made simultaneous raids at addresses in Izmir, Fethiye, Didim and Kusadasi in Turkey.

Commenting on the case, Graham Cluley, senior technology consultant at anti-virus technology vendor Sophos, says: "The Turkish authorities should be applauded for looking into this case so speedily, but this is just the tip of the iceberg.

"Phishing and spyware is a global problem, and all computer users need to defend themselves better against these kind of menaces if they want to continue to bank online safely."

Sophos says its research shows that Russia is one of the top producers of malware, accounting for 4.1% of all malware authored during the last year.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

11 January, 2007
01 August, 2006
13 March, 2006
10 March, 2006
22 February, 2006
24 August, 2005
11 November, 2004
19 August, 2004

Top topics

Most viewed Most shared
European Parliament rubberstamps Payment S...
7518 views comments | 41 tweets | 47 linkedin
Faster Payments eases access for challenge...
4916 views comments | 20 tweets | 25 linkedin
Chinese hackers breach LoopPay
4635 views comments | 8 tweets | 6 linkedin
From biometrics to one-time passcodes, Mas...
4403 views comments | 12 tweets | 18 linkedin
Hacker slams Danske Bank for alleged secur...
4362 views comments | 7 tweets | 8 linkedin

Featured job

to £90K base, double OTE, share options
London, UK

Find your next job