Mobile Tech Today

CIO Today Network Sites:   Top Tech News  |   CIO Today   |   Mobile Tech Today   |   Data Storage Today
News & Product Reviews for Mobile Tech Users
Eliminate costly downtime!
Find out how with Free White Paper
& enter to win a Samsung Galaxy Note

www.apc.com
Saturday, April 19th 
Next Generation Data Center Is Here!
This ad will display for the next 20 seconds. Please click for more information, or scroll down to pass the ad, or Close Ad.
Trending Topics:   Security Heartbleed Big Data Cloud Computing Windows XP Data Centers OS X Mavericks
Home
Laptops & Tablets
Mobile Phones
Mobile Gadgets
Mobile Apps
BYOD & MDM
iPad
Mobile Industry News
Wireless Connectivity
Wireless Security
GPS & Maps
MTT Press Releases
 
Free Newsletters
Top CIO News
 
Mobile Tech Today
 

Viruses & Malware

Feds: Russian Man Who Created SpyEye Pleads Guilty

Feds: Russian Man Who Created SpyEye Pleads Guilty
January 30, 2014 9:38AM

Bookmark and Share
Aleksandr Andreevich Panin, a Russian man also known as Gribodemon and Harderman, has pleaded guilty to conspiracy to commit wire and bank fraud for his role as the primary developer and distributor of the malicious software known as SpyEye, which, according to industry estimates, has infected over 1.4 million computers in the world.

APC has an established a reputation for solid products that virtually pay for themselves upon installation. Who has time to spend worrying about system downtime? APC makes it easy for you to focus on business growth instead of business downtime with reliable data center systems and IT solutions. Learn more here.

A Russian man pleaded guilty to a conspiracy charge Tuesday after federal authorities say he created a computer program that has been used to drain bank accounts.

Aleksandr Andreevich Panin, who's also known as "Gribodemon" and "Harderman," pleaded guilty to a single count of conspiracy to commit bank fraud and wire fraud. He appeared in federal court wearing an orange jail uniform with his legs chained together as he entered a guilty plea after reaching a plea agreement with prosecutors.

Another man, Hamza Bendelladj, was also indicted in the case and pleaded not guilty in May after being extradited from Thailand, where he was arrested a year ago. The case against him is still pending.

Authorities say the 24-year-old Panin is the main author of SpyEye. The program is a type known as a banking Trojan, which was implanted onto computers to harvest financial information so its users could drain bank accounts. Authorities said the malware has infected more than 1.4 million computers in the United States and abroad and is responsible for untold amounts of financial theft.

Federal prosecutor John Horn called Panin "one of the pre-eminent cybercriminals that we've been able to apprehend and prosecute so far." Operating from Russia, Panin "wrote and polished the code for SpyEye until he had a product that experts described as professional grade," Horn said.

Trojans such as SpyEye can be profitable for cybercriminals. A small group of hackers in Eastern Europe arrested in 2010 was able to steal about $70 million from companies, municipalities and churches in Europe and the U.S.

SpyEye was designed to automatically steal sensitive information -- such as bank account credentials, credit card information, passwords and PIN numbers -- after being implanted in victims' computers. After the program took control of a computer, it allowed hackers to use a number of covert techniques to trick victims into giving up their personal information -- including data grabbing and presenting victims with a fake bank account page. The information was then relayed to a command and control server, which was used to access bank accounts.

Panin conspired with others, including Bendelladj, to advertise the SpyEye virus in online forums focused on cybercrime and other criminal activity and sold versions of the software for prices ranging from $1,000 to $8,500, prosecutors said. Cybercriminals were able to customize their purchases to choose specific methods of gathering personal information from victims. He is believed to have sold it to at least 150 clients. A single client of his, known by his online name "Soldier," reportedly used the program to make more than $3.2 million in a six-month period, Horn said. (continued...)

1  |  2  |  Next Page >

 

© 2014 under contract with NewsEdge. All rights reserved.

Tell Us What You Think
Comment:

Name:



 Viruses & Malware
1. Malware Targets Facebook Users
2. OpenSSL Calls for More Support
3. How, Why Heartbleed Got Its Name
4. Android Apps Mine Virtual Currency
5. Spyware Targets U.S. and Europe


 Related Topics  Latest News & Special Reports

  Cortana Fills Windows Phone Gap
  Galaxy S5 Phone: Less Can Be More
  Beware: Facebook Shares Your Locale
  Google, Rockstar Suit Stays in Calif.
  Google Earnings, Sales Disappoint

 Technology Marketplace

Business Intelligence
Get real-time, cloud-based information services with Neustar.
 
Cloud Computing
BMC's I.T. solutions unleash the power of your business
Next Generation Data Center Is Here! Vblock™ Systems from VCE
 
Contact Centers
HP delivers the future of the contact center with HP Qfiniti 10.
 
Data Storage
Next Generation Data Center Is Here! Vblock™ Systems from VCE
Barium Ferrite (BaFe) is the future of tape.
2.5" Enterprise-class SATA & SAS SSDs for server & storage applications
 
Enterprise Hardware
Barium Ferrite (BaFe) is the future of tape.
2.5" Enterprise-class SATA & SAS SSDs for server & storage applications
 
Enterprise I.T.
BMC's I.T. solutions unleash the power of your business
 
Hardware
Protect your network with APC Smart-UPS battery backup
 
Network Security
Protect your network with APC Smart-UPS battery backup
 

Network Security Spotlight
Heartbleed Could Cost Millions, Could Have Been Prevented
Early estimates of Heartbleed’s cost to enterprises are running in the millions. The reason: revoking all the SSL certificates the bug exposed will come at a very hefty price. Some say it all could have been avoided.
 
Michaels Says Nearly 3M Credit, Debit Cards Breached
Arts and crafts retail giant Michaels Stores has confirmed that a data breach at its POS terminals from May 2013 to Jan. 2014 may have exposed nearly 3 million customer credit and debit cards.
 
Google's Street View Software Unravels CAPTCHAs
The latest software Google uses for its Street View cars to read street numbers in images for Google Maps works so well that it also solves CAPTCHAs, those puzzles designed to defeat bots.
 

Enterprise Hardware Spotlight
Vaio Fit 11A Battery Danger Forces Recall by Sony
Using a Sony Vaio Fit 11A laptop? It's time to send it back to Sony. In fact, Sony is encouraging people to stop using the laptop after several reports of its Panasonic battery overheating.
 
Continued Drop in Global PC Shipments Slows
Worldwide shipments of PCs fell during the first three months of the year, but the global slump in PC demand may be easing, with a considerable slowdown from last year's drops.
 
Google Glass Finds a Home in Medical Education, Practice
The innovative headpiece may find its niche in markets where hands-free access to data can be a big advantage. Glass experiments for doctors are already under way, with some promising results.
 

Mobile Technology Spotlight
Review: Siri-Like Cortana Fills Windows Phone Gap
With the new Cortana virtual assistant, Windows catches up with Apple's iOS and Google's Android in a major way, taking some of the best parts of Apple's and Google's virtual assistants, with new tools too.
 
With Galaxy S5, Samsung Proves Less Can Be More
Samsung has produced the most formidable rival yet to the iPhone 5s: the Galaxy S5. The device is the fifth edition of the company's successful line of Galaxy S smartphones, and shows less can be more.
 
Facebook Rolls Out Potentially Intrusive Location-Sharing
Looking for friends? Facebook users in the U.S. will soon be able to see which of their friends are nearby, using a smartphone's GPS. Could be a cool feature in some cases, or way too much information.
 

Navigation
Mobile Tech Today
Home/Top News | Laptops & Tablets | Mobile Phones | Mobile Gadgets | Mobile Apps | BYOD & MDM | iPad
Mobile Industry News | Wireless Connectivity | Wireless Security | GPS & Maps | MTT Press Releases
Also visit these Enterprise Technology Sites
Top Tech News | CIO Today | Mobile Tech Today | Data Storage Today

Services:
FreeNewsFeed | Free Newsletters | XML/RSS Feed

About CIO Today Network | How To Contact Us | Article Reprints | Services for PR Pros (In partnership with NewsFactor) | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 Mobile Tech Today. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.