SpyEye bank hacking ‘mastermind’ pleads guilty

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shutterstock_166014890 (1)A Russian programmer accused of creating one of the most widely used bank account hacking tool kits has pleaded guilty to a related charge in the US. It is alleged that Aleksandr Panin developed SpyEye, Trojan malware that uses a variety of techniques to siphon off victims’ savings. Panin has pleaded guilty to a single count of conspiracy to commit bank fraud and wire fraud.

Prosecutors said the code, which is still in use, had infected more than 1.4 million PCs since its 2009 release.

SpyEye would display a fake login page that asked customers for their Pin code – something that a secure website would not ordinarily do.

Prosecutors said that SpyEye was sold for between $1,000 to $8,000 (£605 to £4,830) on underground forums.

See the full story on bbc.co.uk