02 September 2015

Crooks jailed over online banking theft

03 July 2012  |  5051 views  |  0 anonymous figure in front of stock exchange

Two men who used the SpyEye malware to steal around £100,000 from online bank accounts have been jailed by a London court.

Lithuanian Pavel Cyganok and Estonian Ilja Zakrevski used SpyEye to steal Web banking login details from victims in the UK, Denmark, the Netherlands and New Zealand.

The information was uploaded to servers to which they had access, enabling them to steal money from the accounts to buy luxuary goods which were then re-sold on auction sites.

The men were arrested by the Met's Police Central eCrime Unit after a tip-off from Estonian authorities and pleaded guilty in May. Cyganok has been sentenced to five years in jail and Zakrevski four.

A third man, Latvian Aldis Krummins, received two years for helping to launder the money.

Detective Constable Bob Burls, PCeU, says: "The defendants developed a highly organised IT infrastructure to enable their criminality including in some cases the automatic infection of innocent computer users with their malicious code."

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

24 April, 2012
21 March, 2012
07 October, 2011
28 June, 2011
14 April, 2011

Top topics

Most viewed Most shared
Third of Brits expect day-to-day mobile pa...
7407 views comments | 37 tweets | 15 linkedin
SunGard system glitch causes havoc for BNY...
7221 views comments | 14 tweets | 12 linkedin
Kenya's NIC Bank links to Twitter and What...
6349 views comments | 27 tweets | 17 linkedin
Payments UK sets out vision for 'world cla...
6302 views comments | 17 tweets | 10 linkedin
HSBC glitch leaves thousands of customers...
5832 views comments | 13 tweets | 7 linkedin

Featured job

Basic £90-110K OTE circa £200K NO CEILING
London based with substantial travel in Scandinavia

Find your next job