Seventeen people were arrested for having taken part in a criminal scheme that targeted users of Finnish Nordea Bank and resulted in fraudulent transactions in the total amount of EUR1.2 million.
The alleged masterminds behind the scheme are two Estonian nationals, who will be charged with fraud. The other 15 arrested individuals are Finnish and are believed to have been money mules instructed to retrieve the money from the accounts where it was deposited and send it to Estonia. They are likely to be charged with money laundering.
According to The Register, the fraudsters used the information-stealing Gozi trojan to harvest the online banking credentials of 89 customers of the bank, and used them to perform more than 100 fraudulent transactions.
Luckily for the bank, it spotted some of the transactions taking place and has managed to reverse most of them. In the end, the bank lost only around EUR 178,000. Most of the money mules have been released until the trial, but the Estonians remain in custody.