Premium Essay

Ais Attack

In: Computers and Technology

Submitted By walkrmatt
Words 1059
Pages 5
Although in many cases we see banks joining forces with law enforcement to fight cybercrime, online attackers are become increasingly organized and financial institutions may find themselves fighting even tougher battles. (Kitten, 2012)
In one such case, here in Georgia, a man has pleaded guilty for the role he played in a $1.3 million phishing scheme that targeted customers of Chase, Bank of America, ADP and Branch Bank & Trust. In his plea, Waya Nwaki admitted to using stolen log-in credentials to intercept and respond to e-mails sent by banks to customers when unfamiliar computers or IP addresses were used to access online accounts. He also admitted to impersonating payroll officers in conversations he had with ADP, which is based in New Jersey.
The case resulted from a collaboration between the banks and the Federal Bureau of Investigation against Nwaki, a.k.a. Shawn Conley, who was arrested in December on charges of wire fraud conspiracy, wire fraud, aggravated identity theft, and conspiracy to gain unauthorized access to computers. Each count, to which Nwaki pleaded guilty, carries a maximum sentence of 20 years in prison and a maximum fine of $250,000; sentencing is set for Aug. 15, 2012.
According to court records, Nwaki and six co-conspirators, between August 2000 and June 2010, worked across three continents to launch phishing attacks through spoofed websites designed to mimic banks and payroll processors such as ADP. When online users visited the spoofed pages, they were asked to provide confidential personal and financial information, such as dates of birth, Social Security numbers, mothers' maiden names, and online account user names and passwords.
Having obtained log-in credentials and answers to commonly-asked security questions, the hackers accessed online accounts to make unauthorized transfers to accounts they controlled and/or wired...

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