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Internet hacker wanted in US arrested in Thailand

A Ukrainian man wanted in the United States for large-scale Internet fraud and causing more than $100 million in business losses has been arrested in Thailand, US and Thai officials said on Wednesday. US embassy officials identified the suspect as Maksym Kovalchuk, although he was thought to use a number of aliases. Thai authorities identified him as 25-year-old Maksym Vysochanskyy. He was arrested late on Tuesday while shopping with his wife in Bangkok. The man, who has denied any wrongdoing, is accused of distributing thousands of fake software programs worth more than $3 million and pioneered a new form of Internet theft and account takeover known as Web-spoofing, a US Embassy spokesman said. “This Web-spoofing activity has accelerated identity-based Internet crimes in the US and internationally,” the spokesman said. The programmes contained computer code which granted him “a back door” to businesses that installed the programmes on their computers, posing “a huge danger” to their financial security, the spokesman said. Full Story

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