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BEC Scammer Gets 25-Year Jail Sentence for Stealing Over $9.5 Million

BEC Scammer Gets 25-Year Jail Sentence for Stealing Over $9.5 Million
Oct 04, 2022
A 46-year-old man in the U.S. has been sentenced to 25 years in prison after being found guilty of laundering over $9.5 million accrued by carrying out cyber-enabled financial fraud. Elvis Eghosa Ogiekpolor of Norcross, Georgia, operated a money laundering network that opened at least 50 business bank accounts for illicitly receiving funds from unsuspecting individuals and businesses after falling victim to romance frauds and business email compromise ( BEC ) scams. Ogiekpolor was charged by a federal grand jury in February 2022 with one count of conspiracy to commit money laundering and 15 counts of substantive money laundering. The scheme was operational from October 2018 to August 2020. According to the U.S. Justice Department (DoJ), Ogiekpolor enlisted the help of eight "money mules" to open the phony bank accounts under the names of non-existent companies, which were subsequently used to stash the proceeds from their criminal activities. These included creating fic

Hundreds of BEC Scammers Arrested in Nigeria and U.S. — $3.7 Million Recovered

Hundreds of BEC Scammers Arrested in Nigeria and U.S. — $3.7 Million Recovered
Sep 11, 2019
Breaking News — The Nigerian prince and his allies who might have also asked you over an email for your assistance to help save "the first African astronaut lost in space" have finally been arrested by the FBI. Don't take it too seriously, as there's no Nigerian prince or an astronaut seeking your help. Instead, it was an infamous 'Nigerian 419' scam email template where fraudsters try to dupe you into making a quick online payment by offering a share in a large sum of money on the condition you help them transfer money out of their country. The FBI today announced the arrests of 281 suspects from around the world as part of an internationally coordinated law enforcement operation aimed at disrupting multi-billion-dollar BEC email and wire transfer scams. With no surprise, the largest number of arrests were made in Nigeria where authorities detained a total of 167 suspects, though a significant number of arrests were also made in nine other countrie

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Hackers Steal Millions From European ATMs Using Malware That Spit Out Cash

Hackers Steal Millions From European ATMs Using Malware That Spit Out Cash
Nov 22, 2016
ATM hackers who long relied on tactics of stealing payment card numbers and online banking credentials to steal millions are now targeting the bank itself to steal cash directly from the machines. Earlier this year, a gang of cyber criminals infected several ATMs with malware in Taiwan and Thailand that caused the machines to spit out millions in cash, and the gang members then stood in front of the infected ATMs at the appointed hour and collected the money. Now, the FBI has warned U.S. banks of the potential for similar ATM jackpotting attacks, saying that the agency is "monitoring emerging reports indicating that well-resourced and organized malicious cyber actors have intentions to target the U.S. financial sector." ATM jackpotting is a technique used to force automated teller machines to spit out cash. According to Russian cyber security firm Group-IB, cyber crooks have remotely infected ATMs with malware in more than dozen countries across Europe this year,

London Police Arrest Romanian ATM Hacker Who Stole Millions

London Police Arrest Romanian ATM Hacker Who Stole Millions
Oct 07, 2016
A Romanian man has been arrested and charged with conspiracy relating to his involvement in a prolific ATM malware campaign. Emanual Leahu, 30, was arrested in the western city of Bacău, Romania by the London Regional Fraud Team (LRFT) London police run by the City of London Police on Tuesday 20 September, extradited to the United Kingdom last week. Leahu is believed to be a member of a European ATM hacking gang that stole more than £1.5 Million ($2 Million) from cash machines across the UK in 2014 using ATM malware to bypass security controls. The gang physically broke into ATMs to directly load malware onto the machines, allowing it to withdraw "large amounts of cash." The malware was good enough to erase itself to hide its tracks, making it difficult to identify the culprit. Three out of Five Gang Members Arrested Luckily, due to the gang's carelessness, one of its members was recorded by a hidden ATM surveillance camera, which allowed the police to id

26-Year-Old Hacker Sentenced to Record 334 Years in Prison

26-Year-Old Hacker Sentenced to Record 334 Years in Prison
Jan 11, 2016
A 26-year-old hacker has been sentenced to 334 years in prison for identity theft as well as mass bank fraud in Turkey, or in simple words, he has been sentenced to life in prison . Named Onur Kopçak , the hacker was arrested in 2013 for operating a phishing website that impersonated bank site, tricking victims into providing their bank details including credit card information. Kopçak's website was part of a big credit card fraud scheme in which he and other 11 operators were making use of the illegally obtained bank account details to carry out fraudulent operations. During his arrest in 2013, Turkish law authorities charged Kopçak with: Identity fraud Website forgery Access device fraud Wire fraud... ...and sentenced him to 199 years 7 months and 10 days in prison, following complaints from 43 bank customers. However, during the investigation, 11 other bank customers also filed complaints about their payment card fraud, thus triggering a new trial

UK Police Arrested Second Hacker Over PlayStation and Xbox DDoS attacks

UK Police Arrested Second Hacker Over PlayStation and Xbox DDoS attacks
Jan 17, 2015
A UK man linked to the notorious hacking group, Lizard Squad , that claimed responsibility for knocking Sony's PlayStation Network and Microsoft's Xbox Live offline on Christmas Day has been arrested by the United Kingdom police. Lizard Squad launched simultaneous Distributed Denial-of-Service ( DDoS ) attacks against the largest online gaming networks, Xbox Live and PlayStation Network, on Dec. 25, 2014. Then offered to sell its own Lizard-branded DDoS-for-hire tool called Lizard Stresser . SECOND ARREST As part of an investigation, the UK Regional Organised Crime Unit, in collaboration with the Federal Bureau of Investigation (FBI), have arrested an 18 year old teenager in Southport, near Liverpool, UK on Friday morning, and seized his electronic and digital devices as well. So far, this is the second arrest made in connection to the attack after Thames Valley Police arrested a 22-year old , named Vinnie Omari , also believed to have been an alleged member of Liz

Two 'Lizard Squad' Hackers Arrested After Christmas DDoS Attacks

Two 'Lizard Squad' Hackers Arrested After Christmas DDoS Attacks
Jan 02, 2015
A 22-year-old man linked to the notorious hacking group, Lizard Squad, that claimed responsibility for knocking Sony's PlayStation Network and Microsoft's Xbox Live offline on Christmas Day was arrested by the United Kingdom police on Monday. Lizard Squad launched simultaneous Distributed Denial-of-Service ( DDoS ) attacks against the largest online gaming networks, Xbox Live and PlayStation Network, on Dec. 25. Then offered to sell its own Lizard-branded DDoS-for-hire tool called Lizard Stresser. Vinnie Omari , an alleged member of Lizard Squad, arrested by the police investigating PayPal thefts and cyber-fraud offences occurred in 2013-14 while raiding his London home. Law enforcement officials reportedly seized phones, laptops and an Xbox from his home. "The arrest is in connection with an ongoing investigation into cyber-fraud offences which took place between 2013 and August 2014 during which victims reported funds being stolen from their PayPal accounts,"

Fraudsters Physically Deploy Malicious Software to Hack ATMs

Fraudsters Physically Deploy Malicious Software to Hack ATMs
May 31, 2014
Criminals will not let any way to cheat an ATM machine out of its cash, as it's one of the easiest way for them to get the hands on cash. ATM skimmers have now discovered a new and high-tech approach to target cash machines directly by inserting a physical notorious device into it instead. According to the Chinese press , two Ukrainian men arrested in Macau for reportedly planting the malicious software program in the seven Macau bank ATMs. This could came out as the quickest method to hack the cash machines. HACKING ATM MACHINES The two accused were arrested this week by the authorities in Macau, a Chinese territory approximately west of Hong Kong, but the two are from Ukraine and had successfully stolen almost $100,000 by corrupting more than seven ATMs with a computer virus. According to the authorities, the men allegedly used a green object device ( as shown in the image ) to carry out the money fraud. They first connected the device to a laptop and then inserted

Russian Hacker Charged in Biggest U.S Hacking Case Doesn't Want Extradition to U.S

Russian Hacker Charged in Biggest U.S Hacking Case Doesn't Want Extradition to U.S
May 12, 2014
A Russian Hacker who was arrested in year 2012 by the authorities of the Netherlands and accused for allegedly hacking into the computer networks of more than a dozen major American corporations and stole over 160 million Credit and Debit Card Numbers. Earlier we reported , 33-year-old Russian hacker Vladimir Drinkman is wanted in U.S and Russia for various cyber crime charges, and the Netherlands Court ruled simultaneous requests from the U.S. & Russia for the extradition were admissible. But now it's up to the Dutch Minister of Justice to decide, whether to which country he would be extradited. However, Hacker Vladimir Drinkman does not want to face charges in US and appealed to the Supreme Court of the Netherlands, Country's highest court, to avoid his extradition to the US, Bloomberg reported. In the U.S. District Court for the District of New Jersey , the U.S. prosecutor plead that he was involved in the theft of more than 160 million credit and debit-

40 Million Credit Card accounts affected in massive data breach at 'Target' Stores during Black Friday

40 Million Credit Card accounts affected in massive data breach at 'Target' Stores during Black Friday
Dec 19, 2013
If you have shopped something during the Black Friday weekend from Target's U.S based Retailer stores, then please pay serious attention - Your Credit and Debit card account may have been at Risk. There are more than 1,500 Target stores throughout the U.S and 40 Million credit and debit card accounts of Target's customers may have been stolen during the height of the holiday shopping season, according to a statement  published by the company. Somehow thieves allegedly gained access to personal data in stores when customers swiped their cards at the register. That information is then typically sold to buyers who then make bogus debit or credit cards with it. So the customers who made purchases by swiping their cards at terminals in its U.S. Stores between November 27 and December 15 may have been exposed.  Krebs who broke the story reports that the breach does not impact shoppers who purchased items online. Target has not disclosed exactly how the data breach occurr
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