Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybercrime

Albanian Hacker Pleads Guilty in $14 Million Global Bank Fraud

NEW YORK – An Albanian hacker who was part of an international cyberattack conspiracy that stole $14 million from ATM machines all over the world pleaded guilty Friday in New York to bank fraud.

NEW YORK – An Albanian hacker who was part of an international cyberattack conspiracy that stole $14 million from ATM machines all over the world pleaded guilty Friday in New York to bank fraud.

Qendrim Dobruna, 27, was arrested in Germany and extradited to face justice for hacking into a US-based system used to process bank card payments for disaster relief to the American Red Cross.

The offense to which he pleaded guilty carries a maximum 30 years in prison and a $1 million fine. He will be sentenced October 24.

More than 15,000 ATM transactions in 18 countries using the compromised prepaid card data resulted in $14 million in financial losses worldwide, US prosecutors said.

After penetrating the system, the defendant and his associates “helped themselves to funds using prepaid debit cards meant for the needy and vulnerable,” said Brooklyn prosecutor Loretta Lynch.

They hacked into American Red Cross prepaid card accounts, manipulated the balances and withdrawal limits, allowing associates across the world to take out almost limitless amounts of stolen cash from bank machines.

Dobruna was arrested in Stuttgart, Germany in March 2012 by German police then extradited to the United States.

Written By

AFP 2023

Click to comment

Expert Insights

Related Content

Cybercrime

Zendesk is informing customers about a data breach that started with an SMS phishing campaign targeting the company’s employees.

Cybercrime

The release of OpenAI’s ChatGPT in late 2022 has demonstrated the potential of AI for both good and bad.

Cybercrime

A new study by McAfee and the Center for Strategic and International Studies (CSIS) named a staggering figure as the true annual cost of...

Cybercrime

The FBI dismantled the network of the prolific Hive ransomware gang and seized infrastructure in Los Angeles that was used for the operation.

Cybercrime

Video games developer Riot Games says source code was stolen from its development environment in a ransomware attack

Cybercrime

CISA, NSA, and MS-ISAC issued an alert on the malicious use of RMM software to steal money from bank accounts.

Cybercrime

Chinese threat actor DragonSpark has been using the SparkRAT open source backdoor in attacks targeting East Asian organizations.

Application Security

PayPal is alerting roughly 35,000 individuals that their accounts have been targeted in a credential stuffing campaign.