Another day, more internet heists revealed

We and others have posted several times, debunking the frequently repeated statement that “If we can use ATMs and the Internet for banking, why can’t we use the internet for voting”.  The answers are 1)  Voting is a different application and riskier; and 2) Internet banking is not safe, banks loose billions to electronic fraud every year, yet it is less than they make and save using the Internet.

A new story of heists by an individual: Alleged ZeuS Botmaster Arrested for Stealing $100 Million from U.S. Banks <read>

A 24-year-old Algerian man remains in a Thai jail awaiting extradition to the United States, where he is suspected of masterminding more than $100 million in global bank heists using the ZeuS and SpyEye Trojans.

Malaysian authorities believe they’ve apprehended the hacker Hamza Bendelladj, who they say has been jetsetting around the world using millions of dollars stolen online from various banks. He was arrested at a Bangkok airport enroute from Malaysia to Egypt…

Bendelladj is suspected of stealing funds from 127 U.S. banks in the past six years using ZeuS- and SpyEye-infected machines to drain accounts in minutes. Victims are said to have been compromised through fake financial Web pages between December 2009 and September 2011. The FBI, which has been hunting for the hacker behind the schemes for three years, has not released details of alleged crimes listed in arrest warrants awaiting the man after he is extradicted to the agency’s Georgia division…

During the event, Bendelladj reportedly beamed and joked about his ranking as an international criminal. He earned the moniker “the happy hacker” because of numerous photos that all show him smiling broadly in photos taken during his airport arrest.

Review some of our past posts on threats to Internet voting <here>

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