Japanese police have arrested a suspected spyware developer believed responsible for stealing Internet banking passwords, according to Kyodo News.
Atsushi Takewaka is accused of conspiring with Kiichi Hirayama to use a spyware program to steal Internet banking passwords that were later used to withdraw money from online accounts, Kyodo News reported, citing information provided by police in Japan.
Takewaka is believed to have developed the spyware program at Hirayama's request, the Kyodo report said. Hirayama later sent out CD-ROMs to several companies that installed the spyware program when run on a PC, it said, noting that the two men have admitted to stealing around ¥3 million ($25,904) in this way
Investigators believe Takewaka and Hirayama used a smiliar method to steal the online banking password belonging to a jewelry retailer in Kawasaki, Japan, according to the Kyodo report. The two sent the spyware to the company by e-mail and then used the password to steal ¥216,000 from that account, it said.
In addition, police alleged Takewaka and Hirayama also stole around ¥11 million from 10 bank accounts by using a similar method, Kyodo said. They have not been charged in these cases, it said.
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