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Bulgarian Ivan Valchev arrested in Bangkok for installing Jackpot on 13 ATMs with fake key
A Bulgarian citizen has been arrested in Thailand on suspicion of hacking ATMs in Nonthaburi province. The operation was carried out by officers from the Technology Crime Squad in Bangkok. It is believed that the detainee is part of an international group that uses malware for illegal enrichment.
Ivan Valchev, a 50-year-old Bulgarian citizen, was arrested on Tuesday in a rented house in Bang Phlap district of Pak Kret district, said Police Major General Siriwat Deepor, head of the 1st Cyber Police Division. Cables allegedly used to install the malware and other equipment were seized during the search.
The investigation began in March following a complaint from an unnamed financial institution. The statement said a group of people disguised as ATM technicians were operating. The criminals used a fake key to access the insides of the machines and replace the standard data cable with a cable containing malware.
It was found that the new cable loaded malware called Jackpot into the system, causing it to malfunction. A police source said the malware forced the ATMs to dispense more money than the customer requested. The exact amounts of funds stolen are not being disclosed in the interests of the investigation.
After analyzing CCTV footage, the police found that two or three people driving a rented white Honda City visited various bank branches. According to preliminary data, 13 ATMs were damaged as a result of the criminals’ actions.
The police placed the suspects under surveillance, which eventually led to the arrest of Ivan Valchev. He initially denied any involvement in the crime. Valchev admitted that the equipment belonged to him, but claimed that his only task was to open the ATMs. Further investigation is currently underway to identify all members of the criminal group and establish the damage caused.
This case highlights the growing threat of cybercrime in the financial sector and the need to strengthen security measures to protect ATMs from such attacks. Law enforcement agencies in Thailand continue to cooperate with international organizations to combat cybercrime and protect the country's financial system.
It is possible that among the victims of the attacks were Russian tourists who often visit Thailand. Police do not rule out that the attackers may have specifically targeted ATMs located in popular tourist areas.
A Bulgarian citizen has been arrested in Thailand on suspicion of hacking ATMs in Nonthaburi province. The operation was carried out by officers from the Technology Crime Squad in Bangkok. It is believed that the detainee is part of an international group that uses malware for illegal enrichment.
Ivan Valchev, a 50-year-old Bulgarian citizen, was arrested on Tuesday in a rented house in Bang Phlap district of Pak Kret district, said Police Major General Siriwat Deepor, head of the 1st Cyber Police Division. Cables allegedly used to install the malware and other equipment were seized during the search.
The investigation began in March following a complaint from an unnamed financial institution. The statement said a group of people disguised as ATM technicians were operating. The criminals used a fake key to access the insides of the machines and replace the standard data cable with a cable containing malware.
It was found that the new cable loaded malware called Jackpot into the system, causing it to malfunction. A police source said the malware forced the ATMs to dispense more money than the customer requested. The exact amounts of funds stolen are not being disclosed in the interests of the investigation.
After analyzing CCTV footage, the police found that two or three people driving a rented white Honda City visited various bank branches. According to preliminary data, 13 ATMs were damaged as a result of the criminals’ actions.
The police placed the suspects under surveillance, which eventually led to the arrest of Ivan Valchev. He initially denied any involvement in the crime. Valchev admitted that the equipment belonged to him, but claimed that his only task was to open the ATMs. Further investigation is currently underway to identify all members of the criminal group and establish the damage caused.
This case highlights the growing threat of cybercrime in the financial sector and the need to strengthen security measures to protect ATMs from such attacks. Law enforcement agencies in Thailand continue to cooperate with international organizations to combat cybercrime and protect the country's financial system.
It is possible that among the victims of the attacks were Russian tourists who often visit Thailand. Police do not rule out that the attackers may have specifically targeted ATMs located in popular tourist areas.
