[QODLink]
Americas

Facebook helps FBI foil $850m-cybercrime ring

US federal investigators arrest 10 people from seven countries, after co-operation from social network site.
Last Modified: 12 Dec 2012 17:34
Facebook said it helped identify the criminals involved in the cybercrime ring and spot affected accounts [Reuters]

Investigators led by the US Federal Bureau of Investigation (FBI) and aided by Facebook, have foiled an alleged international criminal ring that infected 11 million computers around the world.

The FBI, working with the world's largest social network and several international law enforcement agencies,
arrested 10 people it says infected computers with "Yahos" malicious software, then stole credit card, bank and other personal information.

The ring is said to have caused more than $850m in losses in one of the largest cybercrime hauls in history.

The bureau said the 10 people arrested came from Bosnia and Herzegovina, Croatia, Macedonia, New Zealand, Peru, the UK and the US, and that it had executed numerous search warrants and conducted a raft of interviews.

Facebook's security team assisted the FBI after Yahos targeted its users from 2010 to October 2012, the US federal
agency said in a statement on its website.

According to the FBI, which worked also with the US justice department, the accused hackers employed the
"Butterfly Botnet".

Botnets are networks of compromised computers that can be used in a variety of cyberattacks on personal computers.

Although losses associated with the cyberthefts are estimated at $850m, hard data is tough to come by.

Experts say cybercrime is on the rise around the world as PC and mobile computing become more prevalent, and as more and more financial transactions shift online.

The continuing increase leaves law enforcement agencies, cybersecurity professionals and targeted corporations increasingly hard-pressed to spot and ward off attacks.

241

Source:
Agencies
Topics in this article
Country
City
Organisation
Featured on Al Jazeera
Western fighters have streamed into the Middle East to help 'liberate' Arab countries such as Syria and Libya.
The Pakistani government is proposing reform of the nation's madrassas, which are accused of fostering terrorism.
Weaving and handicrafts are being re-taught to a younger generation of Iraqi Kurds, but not without challenges.
The author argues that in the new economy, it's people, not skills or majors, that have lost value.
Featured
Up to 23,000 federal prisoners could qualify for clemency under new Justice Department initiative.
After years of rapid growth, Argentina is bracing for another economic crisis as inflation eats up purchasing power.
Deaths of 13 Sherpas in Nepal has shone a light on dangerous working conditions in the Everest-climbing industry.
Al Jazeera investigation uncovers allegations of beatings and rape in Kenya's ongoing anti-terrorism operation.
Incumbent Joyce Banda has a narrow lead, but anything is possible in Malawi's May 20 elections.
join our mailing list