'Blackhole' Exploit Kit Author Gets 7 Years (krebsonsecurity.com)

An anonymous reader writes: A Moscow court this week convicted and sentenced seven hackers for breaking into countless online bank accounts -- including "Paunch," the nickname used by the author of the infamous "Blackhole" exploit kit. Once an extremely popular crimeware-as-a-service offering, Blackhole was for several years responsible for a large percentage of malware infections and stolen banking credentials, and likely contributed to tens of millions of dollars stolen from small to mid-sized businesses over several years. According to Russia's ITAR-TASS news network, Dmitry "Paunch" Fedotov was sentenced on April 12 to seven years in a Russian penal colony. In October 2013, the then 27-year-old Fedotov was arrested along with an entire team of other cybercriminals who worked to sell, develop and profit from Blackhole."He was helping a lot of gangs that were robbing Russian banks," Krebs tweeted, "They tend not to have a sense of humor about that."