Security Experts:

Connect with us

Hi, what are you looking for?



Lithuanian Extradited to U.S. Over Hacking, Fraud Charges

A Lithuanian man extradited to the United States this week has been charged with hacking U.S.-based computers and stealing from online bank accounts and securities brokerage accounts.

A Lithuanian man extradited to the United States this week has been charged with hacking U.S.-based computers and stealing from online bank accounts and securities brokerage accounts.

The man, Vytautas Parfionovas, 32, has conducted various illegal operations between 2011 and 2018, in which he accessed email servers and computers belonging to U.S. financial institutions in an effort to steal funds from victim accounts.

Arrested in Ukraine on October 24, 2019, Parfionovas was extradited to the U.S. on November 21.

A criminal complaint unsealed on Thursday claims that, starting in January 2011, Parfionovas and his co-conspirators engaged in a long-running money-theft scheme.

In one part of the scheme, the defendant allegedly used illegally obtained login information to access victims’ securities brokerage accounts in order to steal money from those accounts and to conduct trades to their own benefit, the Department of Justice reveals.

After financial institutions started blocking transfers from the compromised accounts, the group accessed other brokerage accounts, then placed unauthorized stock trades, while simultaneously trading profitably in the same stocks from other accounts they controlled. The losses caused by this operation totaled over $5.5 million.

In another part of the scheme, the suspects hacked into victim email accounts, then emailed the victims’ financial advisers and requested money to be transferred to overseas bank accounts they controlled.

In one case, the conspirators obtained $50,000 from an investment account of U.S. victims, with the funds eventually transferred to an individual in Kharkov, Ukraine, where Parfionovas was located.

In another case, Parfionovas and his co-conspirators took over a victim’s email account and then requested, via email, for $225,000 to be transferred from one of the victim’s bank accounts.

Parfionovas is charged with computer intrusion, securities fraud, money laundering, bank fraud and wire fraud, among other offenses. He faces up to 30 years in prison for money laundering and a mandatory consecutive two-year sentence for aggravated identity theft, the DoJ says.

Related: Singaporean Indicted in U.S. for Illegal Crypto-Mining

Related: Alleged Capital One Hacker Indicted on Wire Fraud, Computer Data Theft Charges

Related: Two Indicted in $10 Million Tech Support Fraud Scheme

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join this webinar to learn best practices that organizations can use to improve both their resilience to new threats and their response times to incidents.


Join this live webinar as we explore the potential security threats that can arise when third parties are granted access to a sensitive data or systems.


Expert Insights

Related Content


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


Satellite TV giant Dish Network confirmed that a recent outage was the result of a cyberattack and admitted that data was stolen.


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


The changing nature of what we still generally call ransomware will continue through 2023, driven by three primary conditions.

Application Security

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


No one combatting cybercrime knows everything, but everyone in the battle has some intelligence to contribute to the larger knowledge base.


A recently disclosed vBulletin vulnerability, which had a zero-day status for roughly two days last week, was exploited in a hacker attack targeting the...


As it evolves, web3 will contain and increase all the security issues of web2 – and perhaps add a few more.