Charles Schwab account hacker jailed for 37 months

Graham Cluley

The Department of Justice has announced that a man has been jailed for 37 months after being found guilty of hacking into stock market investment accounts at the Charles Schwab online brokerage, and stealing over $246,000.

Between September 2006 to December 2007, Manhattan-based Aleksey Volynskiy was part of a gang that infected US consumers with keylogging Trojan horses allowing them to steal users’ login usernames and passwords.

Using information stolen through these spyware attacks, Volynskiy and Alexander Bobnev of Volgograd in Russia, were able to break into Charles Schwab customer trading accounts, make unauthorised sales of security and wire money to other accounts.

Ultimately a proportion of the money would end up with co-conspirators based in Russia.

Alexey Mineev, another member of the gang, from Hampton, New Hampshire, was sent to prison for 18 months…

Read more in my article on the Naked Security website.

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Graham Cluley is a veteran of the anti-virus industry having worked for a number of security companies since the early 1990s when he wrote the first ever version of Dr Solomon's Anti-Virus Toolkit for Windows. Now an independent security analyst, he regularly makes media appearances and is an international public speaker on the topic of computer security, hackers, and online privacy. Follow him on Twitter at @gcluley, or drop him an email.