© Reuters. A hooded man holds a laptop computer laptop as blue display with an exclamation mark is projected on him on this illustration image taken on Might 13, 2017. Capitalizing on spying instruments believed to have been developed by the U.S. Nationwide Safety Company, hackers
NEW YORK (Reuters) – A British-Nigerian nationwide has pleaded responsible in New York to involvement in a greater than seven-year scheme to hack into banks’ and brokerages’ laptop servers, inflicting greater than $6 million of losses for purchasers.
Idris Dayo Mustapha, 33, pleaded responsible to entry gadget fraud, conspiracy to commit laptop intrusion and securities fraud, and conspiracy to commit wire fraud at a listening to earlier than U.S. District Decide Pamela Chen in Brooklyn.
Mustapha, a local of Lagos, Nigeria, had been arrested in the UK in August 2021, and was extradited to america in August.
He faces as much as 20 years in jail at his scheduled April 3, 2024 sentencing however would probably obtain a lot much less time.
A lawyer for Mustapha was not instantly obtainable for remark.
Mustapha and his accomplices allegedly used phishing and different means to acquire person names and passwords and entry on-line accounts from January 2011 to March 2018.
Prosecutors mentioned the conspirators transferred victims’ cash and securities to their very own accounts, and made unauthorized inventory trades in hacked accounts whereas concurrently making worthwhile trades in the identical shares in their very own accounts.
The case is U.S. v. Mustapha, U.S. District Courtroom, Jap District of New York, No. 23-cr-00440.
