On February 7, the Department of Justice unsealed a sweeping indictment against 36 defendants for their role in the “Infraud Organization.”
The indictment gives the public an insight into the size, sophistication, and discipline of criminal cyber networks operating online.
U.S. law enforcement agencies are striking back in concert with partners around the world, their effort is to raise the cost of doing business for these criminal gangs.
The allegations in the indictment state that the “Infraud Organisation” was launched in 2010 by Svyatoslav Bondarenko of Ukraine.
The organisation served as a central clearinghouse that allowed members to traffic in stolen identities, financial and banking information, malware, and other online contraband. Over the course of seven years, the indictment alleges, the site grew to more than 10,000 members across the world and caused more than half a billion dollars in losses to consumers, businesses, and financial institutions.
“Meeting this threat takes a serious investment in technological safeguards as well as a willingness to adapt to an evolving threat.”
It is interesting that Russia is not on the list – growing the speculation that the website itself was hosted in Russia.
Full story: – Russian Cybercrime Bust
What can hackers really do?
Read more here: – All your Devices can be Hacked
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