Suspected Bank Carding Cybercrook Detained by Russian Authorities

A Ukrainian citizen has been accused of leading a criminal organization that uses counterfeit credit cards and passports to steal large amounts of money from banks all over the world.

An international crime group was suspected to be run by a Ukrainian person that lead individuals into a scheme stealing more than $660,000 from about 17 Russian banks in just a matter of a 5 months. During that time the cybercrooks were able to create over 100 fake credit cards with the use of a magnetic stripe encoder machine.

This recent discovery of a Russian cybercrime group comes just after authorities in the US and UK uncovered dozens of crooks involved in money mule scams using the infamous bank funds stealing Zeus Trojan. Similar to that of the Ukrainian individual, these cybercrooks were instructed by masterminds of the operation to steal money from compromised banking accounts. In both cases the crooks obtained fake passports to hide their true identity.

Authorities are not certain if the detained Ukrainian is linked with the Zeus Trojan money mules. However, these incidents do raise the suspicion that other organizations related to these could be carrying out new sophisticated attacks against other online banking institutions around the world. It is time that authorities crack down on cybercrooks stealing other people’s money.

Would you rather these crooks steal the money in person by robbing a bank and get arrested on the spot, or do you think the authorities are doing enough to crack down on cybercrime over the internet?