Suspected phisher arrested in Estonia

Police in Estonia have arrested a man suspected of stealing millions of Euros from bank accounts across Europe, according to a report in the Sydney Morning Herald. The unnamed 24-year-old from the Estonian capital Tallinn is believed to have infected hundreds of computers with a Trojan horse program to obtain usernames and passwords from them. High-tech crime police in Europe believe the suspect stole money from accounts in Britain, Estonia, Germany, Latvia, Lithuania and Spain.

The suspect spread the Trojan horse by e-mailing thousands of messages that promised job offers. The offers purported to come from legitimate organizations such as banks and investment firms, but contained a link to a Web page, which infected computers with the program when a victim clicked on it.

Dan Ilett of ZDNet UK reported from London.