An effort to consolidate various fraud related news from newspapers/websites across the world. News on Phishing, News on Skimming, News on Hacking, , News on Banking Frauds, News on Identity theft, Fraud news
Friday, April 15, 2011
Big Vicory for U.S. as cybercrime ring shuts down - montrealgazette.com - 14 Apr 2011
U.S. authorities claimed one of their biggest victories against cybercrime as they shut down a ring they said used malicious software to take control of more than two million PCs around the world, and may have led to theft of more than $100 million.
A computer virus, dubbed Coreflood, infected more than two million PCs, enslaving them into a "botnet" that grabbed banking credentials and other sensitive data its masters used to steal funds via fraudulent banking and wire transactions, the U.S. Department of Justice said on Wednesday.
The government shuttered that botnet, which had operated for a decade, by seizing hard drives used to run it after a federal court in Connecticut gave the go-ahead.