U.S., Euro­pean agen­cies say big cybercrime ring busted

The Washington Times Daily - - WORLD -

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.

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