Dozens charged for Infraud cyber-crime site
Posted in: Legal & Security at 08/02/2018 14:29
Thirty-six people have been charged for their alleged involvement in running a cyber-crime service responsible for more than $530m (£381m) of losses.
The Infraud Organisation is said to have dealt in stolen credit cards and passwords and engaged in bank fraud and ID theft.
As of March 2017, its dark-web-based service's discussion forum is said to have had 10,901 registered members.
U.S. shuts down cyber crime ring launched by Ukrainian
The U.S. Justice Department announced one of its largest-ever takedowns of a global cyber crime ring on Wednesday, saying it had indicted 36 people accused of trafficking in stolen identities and causing more than $530 million in losses to consumers.
The cyber crime network, operating as an online discussion forum known as “Infraud,” ran a sophisticated scheme that facilitated the purchase and sale of Social Security numbers, birthdays and passwords that had been stolen from around the world, the department said.
Infraud: Australian among 36 arrested in global cybercrime ring that stole $677 million
An Australian man is among 36 people arrested in connection with an international identity theft ring known as a "one-stop shop for cybercriminals" that sold stolen credit card information on the dark web, leading to losses of more than $677 million, US prosecutors say.
The Infraud Organisation — founded in 2010 by Ukrainian man Svyatoslav Bondarenko and operated under the slogan "In Fraud We Trust" — used an online forum to buy and sell stolen credit card and bank account numbers, social security numbers and other personal information, the US Justice Department said.