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Fnord666 writes:

The US just took down one of the larger online crime organizations in recent memory -- certainly one of the largest prosecuted by the feds. Department of Justice officials have filed charges against 36 people allegedly involved with Infraud Organization (no really, that's the name), a global cybercrime ring with roots in the US as well as numerous other countries. Combined, the group is believed to have trafficked in stolen financial data (including up to 4 million cards), identities and contraband worth over $530 million in losses. And that's what they actually managed to accomplish. Reportedly, they hoped to inflict a total of $2.2 billion in damage.

Source: Engadget

Original Submission

1. "Fnord666" - https://soylentnews.org/~Fnord666/
2. "Engadget" - https://www.engadget.com/2018/02/07/us-busts-530-million-cybercrime-ring/
3. "Original Submission" - https://soylentnews.org/submit.pl?op=viewsub&subid=24742

printed from SoylentNews, US Busts $530 Million Infraud Cybercrime Ring on 2023-06-18 07:34:22