U.S., European agencies say big cybercrime ring busted
PARIS | U.S. and European officials say they’ve knocked out a cybercrime group accused of inflicting hundreds of millions of dollars in losses worldwide, putting five key suspects in custody.
The EU police agency said Thursday the sweep was “unprecedented in its scale” and resulted in the seizure of 39 servers and hundreds of thousands of internet domains used by the Avalanche network, a major player in the market for cybercrime services. Fernando Ruiz, the head of operations at Europol’s Cybercrime Center, said the arrests Wednesday followed years of investigation by law enforcement agencies.
In a separate statement, the U.S. Department of Justice said 40 different countries were involved and accused the network of hosting some of the world’s most pernicious malware as well as several money laundering campaigns.