25 July 2016
Find out more

Crooks jailed over online banking theft

03 July 2012  |  5337 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)

Finextra news in your inbox

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

Related stories

Cheque forgers move into 21st century with phishing and malware

Cheque forgers move into 21st century with phishing and malware

24 April 2012  |  6411 views  |  0 comments
Russian security services bust notorious malware ring

Russian security services bust notorious malware ring

21 March 2012  |  6052 views  |  0 comments
Banking Trojan hijacks out-of-band SMS security - Trusteer

Banking Trojan hijacks out-of-band SMS security - Trusteer

07 October 2011  |  9732 views  |  4 comments
Ukrainian authorities bust $70 million malware ring

Ukrainian authorities bust $70 million malware ring

28 June 2011  |  5746 views  |  0 comments
US moves to take out massive botnet

US moves to take out massive botnet

14 April 2011  |  6580 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.comVisit capgemini.comFind out more

Who is commenting?

Top topics

Most viewed Most shared
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
9005 views 14 comments | 32 tweets | 37 linkedin
satelliteContactless Bitcoin startup Plutus Tap &am...
8892 views comments | 9 tweets | 3 linkedin
hands typing furiouslyWhat Every FinTech CEO Should Know About R...
8767 views 0 | 16 tweets | 8 linkedin
hands typing furiouslyBanking on IoT: Security in the Internet o...
8586 views 3 | 21 tweets | 7 linkedin
Santander doubles down on fintech fundSantander doubles down on fintech fund
7911 views comments | 22 tweets | 28 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job