U.S. Arrests 13, Charges 36 in ‘Infraud’ Cybercrime Forum Bust
Summary: The U.S. Justice Department charged 36 alleged members of the Infraud cybercrime forum, which prosecutors say cost consumers more than a half billion dollars, and 13 members were arrested across the United States and six other countries. Started in October 2010 as shorthand for "In Fraud We Trust," Infraud drew nearly 11,000 members who traded stolen identities, credit card accounts, ATM skimmers, botnet hosting and malware, and the defendants face identity theft, bank fraud, wire fraud and money laundering charges.
Bottom line: A forum of nearly 11,000 members trading skimmers, stolen cards and malware ran for more than seven years before this takedown, and prosecutors put the consumer cost above a half billion dollars.
Read the original at Krebs on Security ↗
- Topics
- Cybercrime & Law Enforcement
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