Cyberspace has become all pervasive. Every facet of a modern life has elements of cyberspace embedded in it. Therefore securing the cyberspace has become a necessity, which can no more be wished away. This space collate the news and views affecting the security of our cyberspace.
The most complex cybercrime investigation ever undertaken by UK police has resulted in another member of a gang that used the Zeus Trojan to raid online bank accounts being sentenced to two years behind bars.
Latvian Karina Kostromina was originally arrested as part of Operation Lath in September 2010 along with 19 other mostly Ukrainian and Belarussians nationals, 13 of whom were eventually charged with offences.
Found guilty of money laundering for the gang, Kostromina was also married to alleged gang ringleader, Yevhen Kulibaba, who has still to be sentenced.
Exactly how much money the gang managed to steal using the keylogged bank logins of UK and US targets remains unclear but could run into tens of millions. What is clear is the staggering ease with which the gang looted money remotely. Between September 2009 and March 2010 the gang are known to have taken at almost £2.9 million, with the attempted theft of £4.3 million in total.
However, police have suggested that the true sum could be over £20 million or perhaps even higher still.