A 21-year-old Indiana man just pleaded guilty to charges stemming from a cyber intrusion that occurred in February 2022.
Malicious actors involved in cyber intrusions use phishing, email infections, SQL injection and other means to gain access to computer systems with the aim of causing damage or stealing sensitive data.
The U.S. Department of Justice (DOJ) says Evan Frederick Light illegally obtained the personally identifiable information (PII) of one of the clients of a South Dakota-based investment holding company.
He then used this information to compromise the company’s computer servers and unlawfully access the PIIs of hundreds of other customers. Ultimately, he stole more than $37 million worth of crypto assets from 600 victims who had money with the investment holding company.
Light used mixing services and gambling websites to conceal his identity and hide the stolen assets.
Say US Attorney Alison J. Ramsdell,
“While this defendant tried to hide in the shadows of a cyber underworld, he was not beyond the reach of our team, and today’s guilty verdicts should serve as a reminder that this Office and its law enforcement partners will bring cybercriminals to justice bring, anyway. no matter how sophisticated their crimes may be.”
Light was charged with conspiracy to commit bank fraud and conspiracy to launder monetary instruments. The DOJ says he committed the crime with one or more unknown perpetrators.
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