May 16, 2019 - World

DOJ, international partners take down $100 million cyber crime ring

The Department of Justice announced Thursday morning it had indicted 10 people involved in a transnational banking malware scheme as part of an international effort to chop down the crime ring.

Why it matters: The group allegedly used the GozNym banking malware to steal credentials to online banking accounts that they then attempted to rob for more than $100 million.

Details: The alleged criminals hail from Russia, Georgia, Ukraine, Moldova and Bulgaria.

  • The 5 Russian citizens remain fugitives, with the other 5 having been arrested.
  • Bulgarian Krasimir Nikolov pleaded guilty in the U.S. in April and will be sentenced in August.
  • U.S. victims range from a church in Texas to a D.C. law firm.
  • The takedown involved international cooperation from the U.S., Georgia, Ukraine, Moldova, Germany, Bulgaria, Europol and Eurojust.
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