International Action Targets Emotet Crimeware
Summary: Authorities across Europe said Tuesday they seized control of Emotet, a malware strain and cybercrime-as-a-service operation first surfacing in 2014 that evolved from a banking trojan into a platform for spreading ransomware. Europol's Operation Ladybird involved the Netherlands, Germany, the United States, the United Kingdom, France, Lithuania, Canada and Ukraine, with Dutch police placing a software update on two of the three primary servers so infected systems would retrieve it and quarantine the infection.
Why it matters: Europol described Emotet as a primary door opener sold to other criminal groups for data theft and ransomware, and Ukrainian police said the crooks behind it caused more than $2 billion in losses globally - a figure the article calls almost certainly conservative.
Read the original at Krebs on Security ↗
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