Albanian hacker pleads guilty in $14m global bank fraud

GMT 21:52 2014 Friday ,11 July

Arab Today, arab today Albanian hacker pleads guilty in $14m global bank fraud

A person inserting a credit card
New York - AFP

An Albanian hacker who was part of an international cyberattack conspiracy that stole $14 million from ATM machines all over the world pleaded guilty Friday in New York to bank fraud.
Qendrim Dobruna, 27, was arrested in Germany and extradited to face justice for hacking into a US-based system used to process bank card payments for disaster relief to the American Red Cross.
The offense to which he pleaded guilty carries a maximum 30 years in prison and a $1 million fine. He will be sentenced October 24.
More than 15,000 ATM transactions in 18 countries using the compromised prepaid card data resulted in $14 million in financial losses worldwide, US prosecutors said.
After penetrating the system, the defendant and his associates "helped themselves to funds using prepaid debit cards meant for the needy and vulnerable," said Brooklyn prosecutor Loretta Lynch.
They hacked into American Red Cross prepaid card accounts, manipulated the balances and withdrawal limits, allowing associates across the world to take out almost limitless amounts of stolen cash from bank machines.
Dobruna was arrested in Stuttgart, Germany in March 2012 by German police then extradited to the United States.

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