• Forecast
  • News Tip
  • Categories
Temperature Precipitation
Estimated read time
1m 50s

European bank hackers stole $100 million, U.S. says

By Associated Press 4:45 PM June 2, 2014

Last Updated Jun 2, 2014 7:45 PM EDT

WASHINGTON – A Russian computer hacker was accused Monday of leading a worldwide conspiracy that targeted hundreds of thousands of computers with malware, enabling his group to steal more than $100 million from business and other bank accounts.

The group led by the man, Evgeniy Bogachev, infected computers with software that captured passwords and account numbers and stole millions of dollars from victims, U.S. authorities said. The members of the gang come from Russia, Ukraine and the United Kingdom.

Bogachev is not in custody, according to the U.S. attorney’s office in Pittsburgh, where charges of conspiracy, wire, bank and computer fraud, and money laundering were filed against him.

The charges, to be discussed at Justice Department news conference Monday, come weeks after officials revealed cyberespionage charges against five Chinese army hackers accused of stealing trade secrets from American firms.

The indictment against Bogachev concerns only one victim, Haysite Reinforced Plastics of Erie, in northwestern Pennsylvania. According to the indictment, the conspirators were able to steal roughly $824,000 from the company’s bank accounts on one day alone, Oct. 20, 2011.

Officials with the business did not immediately return phone calls for comment Monday. The accounts were with Pittsburgh-based PNC Bank, which declined to comment.

A related civil complaint gave other brief descriptions of victim entities including an unspecified American Indian tribe in Washington state; an insurance company and a firm that runs assisted living centers in Pennsylvania; a local police department in Massachusetts; a pest control company in North Carolina; and two Florida businesses, a restaurant and a regional bank.

The Florida bank lost nearly $7 million through an unauthorized wire transfer. The Massachusetts police department, on the other hand, lost $750 when it paid a ransom demanded by the malicious software that infected its computers.

Last week, a federal judge in Pittsburgh granted a temporary restraining order against Bogachev and the others, demanding that they cease such activities. That order was unsealed along with the charges Monday.

© 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest Stories

  • Lifestyle

    PHOTOS: 2015 Fur Rendezvous

    by on Mar 04, 12:12

  • Lifestyle

    PHOTOS: 2015 Fur Rondy on Ice

    by on Mar 04, 12:04

     

  • DayBreak

    Mr. Fur Face preview part 1: 5th annual UAA Beard and Mustache competition

    by Rick Rysso on Mar 04, 10:59

    Local bearders recently headed to the University of Alaska Anchorage’s student union to compete in categories ranging from grizzly to baby beard, moustache, partial, and even fake.  Now in it’s 5th year,  the UAA Beard and Stache competition has grown to what some people are calling a warm-up for the state championship — Mr. Fur […]

  • DayBreak

    ‘The Great Alone’ documents musher Lance Mackey’s comeback

    by Daybreak Staff on Mar 04, 10:42

    A feature documentary shot in Alaska’s Arctic is capturing the comeback story of arguably the most popular musher in race history, four-time Iditarod champion Lance Mackey. “I’m always about telling stories of compelling characters and characters that overcome adversity,” said Greg Kohs, director of  ”The Great Alone.” “I don’t think there’s a character that I’ve […]

  • Lifestyle

    Microsoft founder finds WWII Japanese warship

    by CBS News/Associated Press on Mar 04, 10:32

    Microsoft co-founder and philanthropist Paul Allen and his research team have found the wreckage of a massive Japanese World War II battleship off the Philippines near where it sank more than 70 years ago, he said Wednesday. The apparent discovery of the Musashi, one of the largest battleships in history, comes as the world marks the 70th […]

  • DayBreak

    On the couch with vlogger Cory Williams, Mar. 4

    by Daybreak Staff on Mar 04, 10:27

    How should someone new to Alaska prepare to cover Iditarod? DudeLikeHELLA went straight to the reigning champion to learn more about The Last Great Race, specifically the four-legged athletes. Vlogger Cory Williams was back on the Daybreak couch Wednesday morning to tell viewers about his recent visit with two-time winner Dallas Seavey. Williams said he […]

  • News

    Alaska Native corporation announces record dividend

    by Associated Press on Mar 04, 10:23

    Calista Corp. officials say shareholders are receiving a record dividend. Bethel radio station KYUK (http://is.gd/LLswfX) reports the dividend totals just over $5 million. The individual dividend amount is $3.80 per share. For the average shareholder with 100 shares, that works out to a $380 payout. Calista is the Alaska Native corporation for the Bethel region. […]

  • News

    Alaska receives AAA bond ratings from agencies

    by Associated Press on Mar 04, 7:50

    Alaska has received AAA bond ratings from three ratings agencies for general obligation debt. Standard & Poor’s Ratings Services and Fitch Ratings each gave Alaska a stable outlook. Moody’s Investors Service, meanwhile, had a negative outlook. Low oil prices have exacerbated the state’s budget deficit, projected to be in the billions of dollars this year […]