Ukrainian General Arrested in Cyber Heists
Summary: A Ukrainian general, Valeriu Gaichuk, was arrested in Iasi, Romania last week with Matei Vitalie of Moldova and Konstantin Ossipov, an Israeli citizen, on suspicion of belonging to an organized cybercrime gang that laundered at least $1.4 million stolen from U.S. and Italian firms. Romanian prosecutors allege the men created fake companies and contracts to launder funds including $952,800 taken from the Society of Corporate Compliance and Ethics in Minneapolis, and a U.S. investigator said keystroke logging Trojans were used to steal the victims' online banking credentials.
Key Takeaway: The arrests came only because Italian banks refused a $400,000 transfer to a fictitious firm and flagged authorities, and the men were caught on Dec. 9 trying to withdraw nearly $1 million stolen from the American company - a reminder that the loss was stopped by a bank's diligence, not by the victims' own controls.
Read the original at Krebs on Security ↗
- Topics
- Cybercrime & Law Enforcement
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