A 33-year-old British-Nigerian man, Idris Dayo Mustapha, has admitted to taking part in a hacking ring that defrauded and stole over $6 million from U.S. corporations between 2011 and 2018.
Mustapha, a twin nationwide of the UK and Nigeria, was extradited from the UK in August, two years after his preliminary arrest. The hacking operation concerned infiltrating e-mail and brokerage accounts, leading to vital monetary losses for the focused corporations.
Mustapha is going through a possible jail sentence of as much as 20 years for his crimes. He lately pleaded responsible in a Brooklyn, New York court docket to 4 expenses, together with laptop intrusion, securities fraud, wire fraud, and entry system fraud.
The fees stem from his involvement in hacking the pc servers of U.S. monetary establishments, enabling unauthorized entry to confidential consumer knowledge, together with private figuring out data. As of now, he awaits sentencing, in response to the BBC.
Members of the hacking ring, together with Mustapha, exploited the stolen data and passwords to wire funds and switch securities from victims’ accounts to accounts managed by the perpetrators.
The hacked accounts have been used to conduct unauthorized inventory trades with out the account holder’s data. U.S. authorities had been actively pursuing Mustapha for a number of years earlier than his latest responsible plea in a New York court docket.
