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Russian Hacker Who Stole From Banks Ordered to Pay $7 Million

Russian Hacker Who Stole From Banks Ordered to Pay $7 Million

May 03, 2016
A Russian man who spent about 3 years behind bars in the United States has been spared further prison time but ordered to pay $7 Million to cover damages he caused to banks using a vicious computer virus. Nikita Vladimirovich Kuzmin was arrested in 2010 and imprisoned in August 2011 for developing a sophisticated computer malware called Gozi and infecting more than 1 million computers worldwide, causing tens of millions of dollars in losses. Kuzmin was sentenced Monday to the 37 months he has already served in custody, and ordered to pay $6,934,979 that authorities have identified as the damages experienced by two major Banks, one located in the U.S. and the other in Europe, Department of Justice says . Kuzmin received a lighter sentence due to his "substantial assistance" in the investigation that resulted in the conviction of Latvian national Deniss Calovskis as well as the arrest of Romanian Mihai Ionut Paunescu, who is awaiting extradition to the United States.
Russian Hackers Behind Gozi Malware charged for Infecting Millions users

Russian Hackers Behind Gozi Malware charged for Infecting Millions users

Jan 26, 2013
The mastermind Russian Hackers who coded and distributed the Gozi malware,  Nikita Vladimirovich Kuzmin , 25 was charged along with Deniss Calovskis, 27, and Mihai Ionut Paunescu, 28 for infecting more than a million computers worldwide in order to steal banking and other credentials from tens of thousands of victims. They may face a maximum penalty of 95, 60 and 67 years in prison, respectively. Kuzmin allegedly created the Gozi program in 2005, hiring a programmer to write the source code and then leasing it to other criminal customers. According to latest reports , Nikita has agreed to cooperate with the United States. As potential evidence, the feds have been able to retrieve 51 servers in Romania as well as laptops, desktops and external hard drives. The data seized amounts to 250 terabytes. Paunescu, a Romanian national who went by the name " Virus " operated a bulletproof hosting service that provided criminal customers with servers and IP addresses from which to s
Making Sense of Operational Technology Attacks: The Past, Present, and Future

Making Sense of Operational Technology Attacks: The Past, Present, and Future

Mar 21, 2024Operational Technology / SCADA Security
When you read reports about cyber-attacks affecting operational technology (OT), it's easy to get caught up in the hype and assume every single one is sophisticated. But are OT environments all over the world really besieged by a constant barrage of complex cyber-attacks? Answering that would require breaking down the different types of OT cyber-attacks and then looking back on all the historical attacks to see how those types compare.  The Types of OT Cyber-Attacks Over the past few decades, there has been a growing awareness of the need for improved cybersecurity practices in IT's lesser-known counterpart, OT. In fact, the lines of what constitutes a cyber-attack on OT have never been well defined, and if anything, they have further blurred over time. Therefore, we'd like to begin this post with a discussion around the ways in which cyber-attacks can either target or just simply impact OT, and why it might be important for us to make the distinction going forward. Figure 1 The Pu
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