20 October 2017
visit www.avoka.com

Man pleads guilty to part in $1.2 million malware heist

08 February 2017  |  4444 views  |  0 web spider

A Brooklyn man has pleaded guilty to running an unlicensed money transmission business to launder the proceeds from a malware attack that successfully pilfered $1.2 million from customer bank accounts.

According to court filings, the scheme involved sophisticated malware, which co-conspirators used to obtain unlawful access to victims’ bank accounts. The illegally obtained funds were then transferred via wire to the bank accounts of a network of individuals within the United States who, in turn, further transmitted the money, or portions of the money, either to additional US-based intermediaries or directly overseas.

As part of this scheme, Brooklyn-based Vyacheslav Khaimov received over $230,000 in funds fraudulently withdrawn from at least eight bank account takeover victims via wire transfers and cashier’s cheques from a network of intermediary 'mules'.

To date, the FBI has identified over $1.2 million in losses attributable to the malware scheme and more than $6 million in attempted losses.

FBI assistant director-in-charge Sweeney says: “Modern-day bank robbers no longer need a gunman and a getaway driver. Today, they just need a malware operator and money mules to carry out their crime from anywhere in the world."

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

Financial regulator infects Polish banks with malware

Financial regulator infects Polish banks with malware

06 February 2017  |  6306 views  |  0 comments | 14 tweets | 11 linkedin
Police dismantle cyber-crime malware network

Police dismantle cyber-crime malware network

07 December 2016  |  6052 views  |  0 comments | 9 tweets | 11 linkedin
Indian banks hit by massive ATM breach

Indian banks hit by massive ATM breach

20 October 2016  |  10342 views  |  2 comments | 17 tweets | 25 linkedin
UK cops arrest ATM malware suspect in Romania

UK cops arrest ATM malware suspect in Romania

06 October 2016  |  7919 views  |  0 comments | 6 tweets | 3 linkedin
Thai police hunt suspects behind $350,000 ATM jackpotting heist

Thai police hunt suspects behind $350,000 ATM jackpotting heist

30 August 2016  |  4252 views  |  0 comments | 3 tweets | 6 linkedin
Taiwan banks suspend Wincor Nixdorf ATM withdrawals after crooks steal millions

Taiwan banks suspend Wincor Nixdorf ATM withdrawals after crooks steal millions

12 July 2016  |  11433 views  |  1 comments | 12 tweets | 16 linkedin
Malware turns whole ATMs into skimming devices

Malware turns whole ATMs into skimming devices

18 May 2016  |  9613 views  |  4 comments | 15 tweets | 22 linkedin
Swift warns banks of malware threat

Swift warns banks of malware threat

25 April 2016  |  9667 views  |  0 comments | 16 tweets | 12 linkedin
Hackers behind billion dollar SpyEye malware jailed

Hackers behind billion dollar SpyEye malware jailed

21 April 2016  |  7778 views  |  2 comments | 5 tweets | 7 linkedin
'Double-headed beast' swipes $4 million from business bank accounts

'Double-headed beast' swipes $4 million from business bank accounts

15 April 2016  |  10459 views  |  0 comments | 8 tweets | 15 linkedin
Russian banks lose $25.7 million to network worm

Russian banks lose $25.7 million to network worm

18 March 2016  |  9969 views  |  0 comments | 11 tweets | 9 linkedin

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comRegister nowvisit www.niceactimize.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
16029 views comments | 12 tweets | 4 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8259 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
7626 views comments | 20 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7253 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
6564 views comments | 10 tweets | 21 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job