Russian Crime Ring Uses Botnets to Run Check-Fraud Operation

Wednesday Jul 28th 2010 by Kara Reeder
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The scam resulted in 3,285 fraudulent business checks.

Researchers from SecureWorks have discovered a criminal ring with ties to Russia running a large-scale check counterfeiting scheme, reports Computerworld.

Dubbed "BigBoss," the ring has been using Zeus botnets, online databases of financial information and check imaging archives to run a highly automated, multi-million-dollar counterfeit-check operation. As the article notes:

BigBoss was after the check image and the ABA routing number, account number, company name and address and an image of the authorized signature for thousands of businesses.

In the last 12 months, the scam resulted in 3,285 false business checks, totaling about $9 million in fake paper checks.

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