Police dismantle world’s ‘most dangerous’ criminal hacking network By Reuters



© Reuters.

(Reuters) – International law enforcement agencies said on Wednesday they had dismantled a criminal hacking scheme used to steal billions of dollars from businesses and private citizens worldwide.

Police in six European countries, as well as Canada and the United States, completed a joint operation to take control of Internet servers used to run and control a malware network known as “Emotet,” authorities said in a statement.

“Emotet is currently seen as the most dangerous malware globally,” Germany’s BKA federal police agency said in a statement. “The smashing of the Emotet infrastructure is a significant blow against international organised Internet crime.”

Emotet is used by cyber criminals to first gain access to a victim’s computer before then downloading additional malicious software, such as trojans designed to steal banking passwords or ransomware which can lock a computer until an extortion fee is paid.

Security experts say Emotet’s operators often sell access to victims’ computers to other hackers, using a “malware-as-a-service” business model that has made them one of the world’s most prolific and damaging cybercrime groups.

German police said infections with Emotet had caused at least 14.5 million euros ($17.56 million) of damage in their country. Globally, Emotet-linked damages cost about $2.5 billion, Ukrainian authorities said.

Ukraine’s General Prosecutor said police had carried out raids in the eastern city of Kharkiv to seize computers used by the hackers. Authorities released photos showing piles of bank cards, cash and a room festooned with tangled computer equipment, but did not say if any arrests were made.

($1 = 0.8259 euros)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *