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U.S. convicts Russian hacker in credit card theft scheme

U.S. convicts Russian hacker in credit card theft scheme

Jurors from a U.S. federal court have just convicted a Russian hacker of getting illegal profits from more than 2 million credit cards.

This Thursday, a jury from Seattle confirmed that a Russian hacker named Roman Valerevich Seleznev was guilty because of his charges related to his hacking of point-of-sale systems.

Roman Valerevich Seleznev was claimed by the U.S. authorities to be under rest because of installing malicious services onto the point-of-sale systems in U.S. resterants.

From 2009 to 2013, Seleznev is found to use the scheme to unnoticeably get hold of credit card information from businesses and then transit them over to his remote webservers in Ukraine and McLean, Virginia. The stolen information was sold on black market, with Seleznev promising that the buyers could create fraudulent purchases with them.

According to a statement made by the U.S. Secret Service, Seleznev’s testimony at his trial exposed that the cyber criminals that Seleznev convicted have brought him about US$169 million from 3,700 financial institutions.

U.S. convicts Russian hacker in credit card theft scheme-2

Seleznev has been tracked by the U.S. Secret Service since 2005. Seleznev was found to carry 1.7 million stolen credit card numbers in his computer when he was arrested in an airport of Maldives. Seleznev is reportedly to be the son of a Russian Parliament member, Valery Seleznev, and also a senior member of several organized online crime networks. The 30-year-old’s father Valery Seleznev said he intended to take all necessary steps to protect his lawful interests.

Seleznev was convicted on 38 counts, including wire fraud, intentional damage to a PC and identity theft. It is reported that Seleznev will be sentenced in December and may also face decades in prison and millions of dollars in the form of fines.

Seleznev also is accused of racketeering and bank fraud in Neveda and Grorgia from other cases.

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