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Gone phishing (again)

Posted by deepquest on March 22, 2005 – 4:28 am

Brazilian police have arrested an individual suspected of leading a phishing gang that stole $37m from its victims’ online bank accounts.

It is claimed that the gang, which included more than 18 people, stole from online banking customers using a Trojan sent to thousands of computers via email.

The head of the police department in charge of internet fraud in Brazil’s Santa Catarina state believes that the arrested man, Valdir Paulo de Almeida, headed up one of Brazil’s biggest gangs.

“They moved between 50m and 100m Brazilian reais [?9.6m and ?19.3m] over the past two years [and] sent over three million emails with Trojans per day,” he said.

According to security firm Sophos such Trojans are increasingly being used as a phishing device to steal money.

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