Russian authorities have released ChronoPay co-founder Pavel Vrublevsky, accused of launching a cyberattack, before the completion of his prison term in exchange for helping to create the country’s national payments system.
Vrublevsky was jailed in 2013 for a term of two-and-a-half years after he was found guilty of organizing a cyberattack on a rival processing firm Assist.
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Under less than a year of his prison time, Vrublevsky was freed after he agreed to aid the authorities in building Russia’s new National Payment System, reported Finextra citing reporter Irek Murtazin.
ChronoPay founder was convicted of paying $20,000 to hire the botmasters to launch the Festi spam botnet on Assist in 2010 that resulted in failure of ticket sales for airline Aeroflot for days, costing the firm millions of dollars.
Earlier in 2014, Russian president Vladimir Putin announced his plans to develop a payment system on par with current payment processing giants Visa and MasterCard, after the American card companies severed services to several banks in the wake of US sanctions with Putin annexing Crimea.
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