Feds to Charge Alleged Spy Eye Trojan Author
Summary: Federal authorities in Atlanta are expected to announce the arrest and charging of 24-year-old Aleksander Panin of Tver, Russia, alleged creator and maintainer of the SpyEye Trojan, a botnet kit tied to costly online banking thefts; he was reportedly arrested in the Dominican Republic in June 2013. Panin pleaded to conspiracy to commit wire and bank fraud, and the government alleges he sold SpyEye to at least 150 clients, one of whom reportedly made more than $3.2 million in a six-month period.
Bottom line: One buyer of a crimeware kit reportedly cleared more than $3.2 million in six months, and the government says Panin sold that kit to at least 150 clients - a reminder that a single malware author can arm a customer base large enough to outscale any one bank's defenses.
Read the original at Krebs on Security ↗
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