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US convicts Russian Hacker in Credit Card theft scheme on Point-of-Sale Systems

Roman Seleznev convicted of installing malware on point-of-sale systems

Hacker

26 August 2016

Jurors in a US federal court have convicted a Russian hacker of stealing and selling more than 2 million credit card numbers.

On Thursday, the jury in Seattle found Roman Valerevich Seleznev guilty of charges related to his hacking of point-of-sale systems.

Seleznev was  after US authorities accused him of installing malicious software on point-of-sale systems in US restaurants.

From 2009 to 2013, Seleznev used this scheme to steal credit card data from businesses and send it back to his servers in Ukraine and McLean, Virginia. The stolen data was then sold on the black market, with Seleznev promising that buyers could make fraudulent purchases with them.

Testimony at his trial revealed that Seleznev’s scheme defrauded $169 million from 3,700 financial institutions.

The Secret Service began tracking Seleznev in 2005. At the time of his arrest in the Maldives in 2014, he was carrying 1.7 million stolen credit card numbers on his laptop. Seleznev reportedly is the son of a Russian lawmaker, Valery Seleznev, and also a senior member of several organised online crime networks..

Seleznev was convicted on 38 counts, including wire fraud, intentional damage to a computer and identify theft. He will be sentenced in December and could face decades in prison and millions of dollars in fines.

Seleznev has also been charged in separate cases in Neveda and Georgia involving racketeering and bank fraud.

IDG News Service

Read more: http://www.techcentral.ie/sO295#ixzz4IhsnYC72

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