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infosec-news: [ISN] British Raid Nabs 19 Suspects in $9 Million

[ISN] British Raid Nabs 19 Suspects in $9 Million Online Bank Heist

From: InfoSec News <alerts_at_nospam>
Date: Thu Sep 30 2010 - 07:05:02 GMT

By Kim Zetter
Threat Level
September 29, 2010

In a rash of dawn raids, police in the United Kingdom nabbed 19 people
suspected of stealing more than $9 million from online bank accounts,
according to reports.

The suspects -- 15 men and 4 women ranging in ages 23 to 47-- are
believed to be part of an East European gang that allegedly used the
ubiquitous Zeus malware to infect victim computers and steal login
credentials to more than 600 bank accounts. Money was then siphoned from
the accounts and transferred to drop accounts owned by so-called money
mules, who allowed the thieves to use their bank accounts to launder the
funds. The thieves averaged about $3 million a month over a three-month

Despite the rich takings, the alleged ringleader lived in a dingy
third-floor walk-up in Essex, according to the Daily Mail, which
published photos of some of the suspects as they were arrested. The
twenty-something suspect and his wife allegedly ran the operation from a
laptop in their living room, using a pad and pencil to track the
siphoned loot.

Investigators from Scotland Yard’s e-Crime Unit say the amount of money
the thieves stole could increase as the investigation continues and
could rise as high as $31 million.


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