Turkish National Arrested for Stealing USD 55 Million Online

Turkish National Arrested for Stealing USD 55 Million Online

Ercan Findikoglu, 33, also known as "Segate," has been charged with stealing as much as USD 55 million in three cyber attacks, announced the U.S. Justice Department. The attacks on payment processors for credit and debit card transactions took place between 2011 and 2013. The Turkish national then increased withdrawal limits on the card significantly so he could extract more money. 

Findikoglu was working with a group of co-conspirators who allegedly managed to steal million in a matter of hours. During one attack which took place in February 2013, Findikoglu and his group stole about USD 40 million by hacking accounts in 24 countries and performing around 36,000 transactions. 

Findikoglu was arrested in Germany in 2013 after being on the run for five years. He was extradited to the United States on Tuesday after fighting extradition for a year. Law enforcement officials say it was difficult to capture him because hackers are very good at covering their traces. The Secret Service had been following him for several years. 

Findikoglu received 18 charges, among them being bank and wire fraud conspiracy, money laundering, computer intrusion and many more. If he is found guilty, he could spend up to 35 years in jail. 

"This successful extradition and arraignment highlights the talent and experience of the men and women of the Secret Service in combating cybercrime, and their success in working with foreign law enforcement agencies around the world to bring to justice cybercriminals, no matter where or how they seek to hide," Department of Homeland Security Secretary Jeh Johnson said in the release.

Photo attribution: Andersson18824

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