Panin, a Russian national, admitted to developing and distributing the banking malware, which was sold to over 150 clients through underground cybercrime forums, and is designed to compromise PCs and connect them to botnets of similarly backdoored systems.
It's that time of the week again - here's your roundup of everything we wrote in the last seven days.
The FBI suspects that 24-year-old Hamza Bendelladj, an Algerian national, developed, marketed, distributed and controlled the notorious botnet toolkit, used to steal millions of dollars from online bank accounts.
UK Cybercrime investigator and Sophos consultant Bob Burls has been on the inside of some of the biggest law enforcement takedowns of the last decade.
Despite the cross-border challenges of prosecuting cybercrime, the cops sometimes do get their man - or men.
We think it's worth reminding you when this happens.
Microsoft, working with others in the financial services and computer security industry, has disrupted a number of botnets being used by the Zeus malware family, allegedly responsible for nearly half a billion dollars in damages.
The latest variants of the information stealing SpyEye Trojan are now specializing in hiding fraudulent transactions from your online banking statements. Should we rethink giving up on our paper statements?
Paul Ducklin joined Chet this week from a real-life Denial of Service situation at the domestic airport in Sydney, Australia. Topics discussed include Patch Tuesday, UBS losing £2.3bn, SpyEye on Android, Twit.tv hacked and Windows 8 including anti-virus.
After the discovery an Android edition of the Zeus malware kit we did not have to wait long for a SpyEye Android release.
Vanja Švajcer, SophosLabs Principal Resarcher, investigates the differences.