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Cyber Risks · Krebs on Security

Russian Cybercrime Boss Burkov Pleads Guilty

Summary: Aleksei Burkov, 29, pleaded guilty in a Virginia court to access device fraud and conspiracy to commit computer intrusion, identity theft, wire fraud and money laundering for running CardPlanet, which sold more than 150,000 stolen credit card accounts, and for founding and administering the restricted DirectConnection forum. DirectConnection required native Russian speakers, a $5,000 deposit, vouching by three existing members and a special browser encryption certificate before its login page would load, and its members included Maksim Yakubets, who ran its banking sub-forum and heads Evil Corp, described by the Justice Department as having stolen roughly $100 million.

Bottom line: Burkov faces a maximum of 15 years at sentencing on May 8, and his forum's membership roster - including a man with a $5 million FBI bounty on his head - is the same pool of actors behind the payment-card and banking fraud losses that keep showing up on breach reports.

Read the original at Krebs on Security ↗

Topics
Data Breaches
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