View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
August 10, 2010

Alleged RBS WorldPay fraud gang extradited

The alleged leader of the 2008 cyber-attack on the Royal Bank of Scotlands payment processing arm, WorldPay, has been extradited from Estonia to the US.

By Verdict Staff

The alleged leader of the 2008 cyber-attack on the Royal Bank of Scotland’s payment processing arm, WorldPay, has been extradited from Estonia to the US.

According to Associated Press, Sergei Tsurikov, has pleaded not guilty to the federal charges of conspiracy to commit wire fraud, conspiracy to commit computer fraud, and aggravated identity theft.

If found guilty, Tsurikov could face up to 35 years in prison and a maximum fine of $3.5 million.

Tsurikov and his seven accomplices were arrested in Russia this year and are accused of hacking into the data of 44 employee payroll cards and subsequently destroying the data in an attempt to cover up the fraud. 

Over $9.4 million was stolen from more than 2,100 ATM terminals across 280 cities in a 12 hour window on the 8 November 2008.

The cloned debit cards were distributed to 44 ‘cashers’ who were instructed to withdraw money within an allotted time period. Authorities say that the ‘cashers’ were able to keep between 30% and 50% of the money, with Tsurikov and others receiving the rest through WebMoney accounts and Western Union.

“In November 2008, in just one day, an American credit card processor was hacked in perhaps the most sophisticated and organised computer fraud attack ever conducted,” said US attorney, Sally Quillian Yates in a statement.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International