Zeus, IcedID Malware Kingpin Faces 40 Years In Prison

Connor Jones reports via The Register: A Ukrainian cybercrime kingpin who ran some of the most pervasive malware operations faces 40 years in prison after spending nearly a decade on the FBI's Cyber Most Wanted List. Vyacheslav Igorevich Penchukov, 37, pleaded guilty this week in the US to two charges related to his leadership role in both the Zeus and IcedID malware operations that netted millions of dollars in the process. Penchukov's plea will be seen as the latest big win for US law enforcement in its continued fight against cybercrime and those that enable it. However, authorities took their time getting him in 'cuffs.

'Malware like IcedID bleeds billions from the American economy and puts our critical infrastructure and national security at risk,' said US attorney Michael Easley for the eastern district of North Carolina. 'The Justice Department and FBI Cyber Squad won't stand by and watch it happen, and won't quit coming for the world's most wanted cybercriminals, no matter where they are in the world. This operation removed a key player from one of the world's most notorious cybercriminal rings. Extradition is real. Anyone who infects American computers had better be prepared to answer to an American judge.'

This week, he admitted one count of conspiracy to commit a racketeer influenced and corrupt organizations (RICO) act offense relating to Zeus, and one count of conspiracy to commit wire fraud in relation to IcedID. Each count carries a maximum sentence of 20 years. His sentencing date is set for May 9, 2024. Zeus malware, a banking trojan that formed a botnet for financial theft, caused over $100 million in losses before its 2014 dismantlement. Its successor, SpyEye, incorporated enhanced features for financial fraud. Despite the 2014 takedown of Zeus, Penchukov moved on to lead IcedID, a similar malware first found in 2017. IcedID evolved from banking fraud to ransomware, severely affecting the University of Vermont Medical Center in 2020 with over $30 million in damages.

Read more of this story at Slashdot.