“Earlier today, an indictment was unsealed in a Brooklyn, New York federal court charging Ercan Findikoglu, a Turkish citizen also known as ‘Segate’, with organizing three worldwide cyberattacks that inflicted $55 million in losses on the global financial system in a matter of hours,” the release said.
The Justice Department stated Findikoglu was a leader of the hacking group that distributed stolen debit card data to so-called cashing crew leaders.
“They [cashing crews], in turn, used the stolen information to conduct tens of thousands of fraudulent ATM withdrawals. During these operations, Findikoglu allegedly maintained access to the computer networks of the Victim Processors in order to monitor the withdrawals,” the release explained.
According to the Justice Department, Findikoglu was captured in Frankfurt, Germany in December 2013. He is scheduled to be arraigned in court on Wednesday.
