17 October 2017
Register now

Crooks jailed over online banking theft

03 July 2012  |  5719 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  |  6775 views  |  0 comments
Russian security services bust notorious malware ring

Russian security services bust notorious malware ring

21 March 2012  |  6465 views  |  0 comments
Banking Trojan hijacks out-of-band SMS security - Trusteer

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

07 October 2011  |  10185 views  |  4 comments
Ukrainian authorities bust $70 million malware ring

Ukrainian authorities bust $70 million malware ring

28 June 2011  |  6064 views  |  0 comments
US moves to take out massive botnet

US moves to take out massive botnet

14 April 2011  |  7868 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.temenos.comvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14670 views comments | 12 tweets | 3 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8082 views comments | 15 tweets | 21 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7701 views comments | 13 tweets | 13 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7302 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
6556 views comments | 13 tweets | 6 linkedin

Featured job

Find your next job