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Cyber-Crime

Paunch Pinch Confirmed

$2,139,200 US Dollars (70 million Roubles).

That’s the amount the Russian Interior Ministry claims the Blackhole exploit kit has been responsible for damage-wise

After months of speculation, it appears Russian authorities have arrested and prosecuted 13 people part of a gang of cyber thieves, and most probably include the cyber criminal known as “Paunch”.

The press release confirms what security experts have been saying for a while now, that Paunch is the mastermind behind  both the Blackhole Exploit Kit and the Cool exploit kit.

hacking category

Blackhole and Cool are toolkits used by cyber criminals to automate client side exploitation. They are installed on servers that are typically compromised, and used to infect the visitors of the websites they host. This is most commonly achieved by taking advantage of flaws in the visitor web browsers, in their installations of common software such as Adobe Flash, Adobe Reader or in their Java run time environment.

The source code  of older versions has been leaked in the past and although the kit is declining, it should not be discounted as a threat.

Truth be told, the dollar amount reported feels under estimated. A malware infection carries with it a whole slew of hidden costs, such as the man hours required in cleaning the infected computers, dealing with compromised accounts and changing credentials.

For a more in depth look at this alleged criminal, head to Brian Krebs blog.


  • Shawn C

    This is good news. Eventually these exploits will be deemed obsolete and ineffective very son considering that they were major obstacles about 6 months ago. I hope whoever is involved is gifted with a long, stiff sentence. 30 years is a good start.

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