DOJ Strikes Cyber Underworld

Issue 67

The U.S. Department of Justice announced Friday that they have sentenced a high-level manager of a hacking group known as FIN7 to 10 years in prison.

Fedir Hladyr, a 35-year-old Ukrainian national, maintained the server that FIN7 used as well as partaking in activities that compromised tens of millions of credit and debit cards.  Hladyr was convicted after he, “pleaded guilty to conspiracy to commit wire fraud and one count of conspiracy to commit computer hacking in September 2019. He was arrested in Dresden, Germany, in 2018 and extradited to the U.S. city of Seattle. Hladyr has also been ordered to pay $2.5 million in restitution.”

FIN7 is expected to have over 70 members that would team up and partake in several forms of hacking that are believed to amount to billions of dollars in damage to companies around the world.

In the U.S. alone FIN7 is responsible for stealing over 20 million credit and debit card numbers and also had a significant presence in the U.K, Australia, and France.  These hackers focused heavily on the restaurant industry by sending phishing emails in an attempt to obtain credit and debit card information.

At his hearing, Hladyr showed some signs of regret as he stated that he, “ruined years of [his] life and put [his] family through great risk and struggle."

Source: Hacker News