U.S. Announces Take-Down of $530 Million Cyberfraud Network
- Charges against 36 members of ‘the Infraud Organization’
- U.S. says group used stolen IDs and malware to commit fraud
Photographer: Andrey Rudakov/Bloomberg
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The U.S. charged 36 people in a take-down of an international cybercrime ring that prosecutors say used the slogan “In Fraud We Trust” and stole $530 million with the help of pilfered identities and malware.
The Justice Department on Wednesday announced the racketeering conspiracy along with the arrest of 13 people, eight of whom the government will seek to extradite from Australia, the U.K., France, Italy, Kosovo and Serbia. Five members of the group, known as the Infraud Organization, were arrested in the U.S.