Hacker Sentenced to Seven Years in a Russian Penal Colony
Posted by: Timothy Weaver on 05/05/2016 09:49 AM
[
Comments
]
Dmitry “Paunch” Fedotov was one of seven cybercriminals that were convicted in a Moscow court for breaking into countless online bank accounts.
Using the nickname, Paunch, Fedotov was responsible for creating the infamous “Blackhole” exploit kit. Blackhole was, for several years, responsible for a large percentage of malware infections and stolen banking credentials. Tens of millions of dollars were stolen from small to mid-sized businesses over several years.
According to Russia’s ITAR-TASS news network, Dmitry “Paunch” Fedotov was sentenced on April 12 to seven years in a Russian penal colony. He was arrested in 2013 along with the rest of his crew who worked to sell, develop and profit from Blackhole.
It has been estimated that Paunch had more than 1,000 customers and was earning $50,000 per month from his illegal activity. The price of renting the kit ran from $500 to $700 each month. He would also rent his crypting services for an extra $50 per month.
Source: Krebs on Security
Using the nickname, Paunch, Fedotov was responsible for creating the infamous “Blackhole” exploit kit. Blackhole was, for several years, responsible for a large percentage of malware infections and stolen banking credentials. Tens of millions of dollars were stolen from small to mid-sized businesses over several years.According to Russia’s ITAR-TASS news network, Dmitry “Paunch” Fedotov was sentenced on April 12 to seven years in a Russian penal colony. He was arrested in 2013 along with the rest of his crew who worked to sell, develop and profit from Blackhole.
It has been estimated that Paunch had more than 1,000 customers and was earning $50,000 per month from his illegal activity. The price of renting the kit ran from $500 to $700 each month. He would also rent his crypting services for an extra $50 per month.
Source: Krebs on Security
Comments
