Ukrainian member of FIN7 hacker group receives 5-year sentence

Saturday, April 9, 2022

There is some irony, that the nation you were plundering is now leading an international effort to protect your country, your people, your family.

Denys Iarmak, a Ukrainian hacker for Russian cybercrime group FIN7, was sentenced to five years in US federal prison Thursday after pleading guilty to conspiracy to commit wire fraud and computer hacking in November 2021.

He was initially arrested in Bangkok, Thailand, then extradited to the US in May 2020.

The group emerged in 2013, and is responsible for numerous cyberattacks against American organizations, particularly banks, payment processors, and companies in the retail sector. Their methods involved stealing credit card information to sell on the black market, and extorting businesses with ransomware. To date, FIN7 has stolen information off over 20 million credit cards, and cost over one billion USD in damage.

Iarmak worked for FIN7 from November 2016 to 2018, developing and sending phishing emails which prompt victims into divulging their passwords or running malware. He was also directly involved in the actual theft of credit and debit cards, according to a press release by the United States Department of Justice.

FIN7 uses a number of unique methods to obscure their activities. They refer to their hackers as ‘pentesters’, a term normally reserved for ethical hackers hired to break into computers legally. The group also operates multiple front companies which pretend to be legitimate cybersecurity firms but act on behalf of FIN7, and uses common software in the IT industry, such as the project management tool Jira.

“To make matters worse, he continued his work with the FIN7 criminal enterprise even after the arrests and prosecution of co-conspirators”, said US Attorney for Western Washington Nicholas W. Brown. This isn’t the first time FIN7’s members have been prosecuted; Fedir Hladyr, a manager for the group, was arrested in 2018, extradited to the United States, and sentenced to 10 years of prison in 2021. Maxim Zhukov, a malware developer working for one of FIN7’s fronts, was tried in Russia, and received a suspended sentence and probation in December 2021.

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