Brazilian cops net 'phishing kingpin'

Tuesday, 22 March 2005, 3:29 PM EST

Brazilian police last week arrested the suspected kingpin of a gang which looted an estimated $37m from online banking accounts. Valdir Paulo de Almeida allegedly masterminded a scam to raid accounts using a Trojan horse sent by email to thousands of victims, mostly Brazilian.

This commonly used ploy enables crooks to capture security credentials of victims through keystroke logging. Using this information, criminals can transfer to themselves the money held in compromised accounts.

By John Leyden at The Register.

[ Read more ]




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