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FBI wanted poster for Maksim Yakubets

The Department of Justice announced Thursday that Russian nationals Maksim Yakubets and Igor Turashev have been charged with causing tens of millions of dollars in damages stemming from their use of the "Bugat" malware. Neither has been arrested.

Why it matters: Bugat (also frequently called dridex) was one of the most successful theft operations of its type, stealing usernames and passwords from infected computers as they attempted to log on to bank websites. The State Department and FBI are offering $5 million for information that would lead to their arrest, the largest reward offer for a cyber criminal to date.

Driving the news: A Pittsburgh grand jury indicted the pair, also charging Yakubets for his role in an earlier string of thefts using the similarly successful Zeus malware, for which alleged co-conspirators Yuriy Konovaleko and Yevhen Kulibaba have already pleaded guilty.

Go deeper: Read the indictment

Go deeper

46 mins ago - World

Putin foe Navalny to be detained for 30 days after returning to Moscow

Russian opposition leader Alexey Navalny. Photo: Oleg Nikishin/Epsilon/Getty Images

Russian opposition leader Alexey Navalny has been ordered to remain in pre-trial detention for 30 days, following his arrest upon returning to Russia on Sunday for the first time since a failed assassination attempt last year.

Why it matters: The detention of Navalny, an anti-corruption activist and the most prominent domestic critic of Russian President Vladimir Putin, has already set off a chorus of condemnations from leaders in Europe and the U.S.

Biden picks Warren allies to lead SEC, CFPB

Photo: Justin Sullivan/Getty Images

President-elect Joe Biden has selected FTC commissioner Rohit Chopra to be the next director of the Consumer Financial Protection Bureau (CFPB) and Obama-era Wall Street regulator Gary Gensler to lead the Securities and Exchange Commission (SEC).

Why it matters: Both picks are progressive allies of Sen. Elizabeth Warren (D-Mass.) and viewed as likely to take aggressive steps to regulate big business.

The perils of organizing underground

Illustration: Aïda Amer/Axios

Researchers see one bright spot as far-right extremists turn to private and encrypted online platforms: Friction.

Between the lines: For fringe organizers, those platforms may provide more security than open social networks, but they make it harder to recruit new members.