Malware writer pleads guilty to helping $568 million cybercrime ring

0

The group was created in 2010 and became a hub for thieves hoping to buy goods with fake and stolen payment cards. It was reportedly sophisticated, with members offering automated vending sites, a screening process and even an escrow service to help complete transactions. The Justice Department counted 10,901 registered members by March 2017.

This isn’t a decisive victory for law enforcement. Only a handful of Infraud members are facing punishment, some of them in the US. Others, including co-founder Svyatoslav Bondarenko, are fugitives. The guilty plea won’t necessarily deter other crooks. It’s still an important win, though, and shows how US prosecutors will tackle other large cybercrime outfits — it’s pushing for confessions that help take down as many targets as possible.

For the latest tech news and updates, Install TechCodex App, and follow us on Google News,  Facebook, and Twitter. Also, if you like our efforts, consider sharing this story with your friends, this will encourage us to bring more exciting updates for you.

Source

Get real time updates directly on you device, subscribe now.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More