Latvian Malware maker pleads guilty for stealing millions from online bank accounts

Source: National Cyber Security – Produced By Gregory Evans

Latvian hacker, Deniss Calovskis, pleaded guilty in US court for co-writing the Gozi virus. The said virus enabled criminals to steal millions of dollars from online bank accounts by causing massive worldwide computer infection. He admitted to committing the computer intrusion at a hearing in New York. Calovskis, using a Russian-speaking interpreter, told a U.S. magistrate judge in Manhattan Friday that he “wrote a little part” of the Gozi virus code, accounted Bloomberg. As such, he is likely to be sentenced for two years upon his return later this year. According to Reuters , the admission was made by the 30-year old hacker in court on Friday. “I knew what I was doing was against the law,” Calovskis said in court, as quoted by Reuters. U.S. prosecutors have dubbed the Gozi virus as one of the most financially destructive computer viruses in history. Calovski developed the virus to perform web injection techniques. Then, infected computers, when visiting a banking website would find that the website itself could be compromised and tweaked, through the web injection, to ask for more transaction actions. The web injections make it impossible for the users to know whether they are on the true bank’s website or on […]

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