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Turkish Man Pleads Not Guilty in Cyber Attacks on Financial Institutions

  • VOA News

FILE - Law enforcement officials say Ercan Findikoglu hacked into credit card company computers and allowed members of a global gang to make thousands of fraudulent ATM withdrawals.

FILE - Law enforcement officials say Ercan Findikoglu hacked into credit card company computers and allowed members of a global gang to make thousands of fraudulent ATM withdrawals.

A Turkish citizen accused of organizing cyber attacks on financial institutions that netted around $55 million has been extradited to the United States and on Wednesday was brought before a federal magistrate in New York to learn the charges against him.

Law enforcement officials said Ercan Findikoglu was known online as "Segate" when he used "sophisticated intrusion techniques" to hack into credit card company computers and allow members of a global gang to make thousands of fraudulent withdrawals from ATMs around the world.

Once the funds were extracted, Findikoglu and colleagues allegedly received the proceeds via wire transfers, electronic currency and, on one occasion, the personal delivery of nearly $100,000 in cash from New York sources.

Findikoglu was arrested in Frankfurt, Germany, in 2013 and was moved to the U.S. on Tuesday. He pleaded not guilty Wednesday to charges that included conspiracy to commit computer intrusion, bank fraud and money laundering.

Some information for this report came from AP.

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