Bank Malware Hackers To Spend 24 Years In Jail

Two hackers were sentenced to a combined 24 years in U.S. prison for stealing hundreds of millions of dollars from financial institutions across the globe using the malware SpyEye.

The Trojan virus was disguised as legitimate software and subsequently infected more than 50 million computer systems. SpyEye was used by a cybercriminal ring to carry out a significant amount of theft, with damages estimated at nearly $1 billion globally, The Hill reported Thursday (April 21).

“Through these arrests and sentencing, the risk the public unknowingly faced from the threat posed by the imminent release of a new highly sophisticated version of SpyEye was effectively reduced to zero,” FBI special agent J. Britt Johnson told The Hill.

Last year, investigators from six different European countries, supported by Europol and Eurojust, joined together to bring down the cybercriminal group suspected of creating and distributing two banking trojans, SpyEye and Zeus.

“The cybercriminals used malware to attack online banking systems in Europe and beyond, adapting theirsophisticated banking Trojans over time to defeat the security measures implemented by the banks,” Europol reported in June 2015. For the full article click here 

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