Service Renting out Fraudsters for Bank Data Theft Pulled Down

According to the New York officials, police have arrested two Belarusian offenders in a foreign country who allegedly ran a service for hiring out fraudsters to identity and bank thieves.

The two Belarusian residents, namely Sergey Semashko and Dmitry Naskovets, both 25-years old, are thought to have set up and run CallService.biz. The website, in Russian language was meant for ID thieves who supplied stolen data of bank accounts and other information.

Reportedly, on April 19, 2010, the website exhibited a logo of Federal Bureau of Investigation and a notice that the agency had seized the site's domain.

Security researchers, commenting on this issue, said that to carry out specific transactions, a few financial institutions require an authorization for certain transactions from the real account-owner over phone. The transactions include wire transfer initiation, account unblocking, or altering of an account's contact details.

Taking these facts into consideration, thieves could contact CallService.biz to supply it the stolen personal details, particularly bank account details, pertaining to an account-owner together with the directions regarding the things that had to be approved. The details include the account-owner's full name, postal and e-mail addresses, Social Security number as well as the replies to security queries from the bank, the researchers added.

Meanwhile, to steal the information, the thieves executed computer hacks, phishing assaults, and infected victims' systems with keylogger viruses.

As per the reports, Naskovets has been criminally indicted in the Southern New York (U.S) District Court of one instance of provoked ID theft and another instance of scheming to commit credit card and wire frauds. As for Semashko, Belarusian authorities have alleged charges against him.

The authorities said that Semashko and Naskovets introduced CallService.biz during June 2007 in Lithuania, Europe. This site helped to fulfill a long required role within the crime world as it provided German and English speaking "stand-ins" for assisting criminals in foiling banking security measures.

Preet Bharara, U.S Attorney, stated that the website posed a particular risk as it helped to dodge the standard measures for security, which business and bank clients actively relied on, as per the news published by WIRED on April 19, 2010.

Related article: Service-Denial-Attacks in the UK Now Attract Stricter Penalties

» SPAMfighter News - 4/29/2010