Thursday, June 06, 2013

Global cybercrime ring targeted by Microsoft and FBI



Microsoft teamed up with the FBI to disrupt armies of hacked computers used to commit more than a half-billion dollars in financial fraud around the world, it claimed yesterday


Nearly 20m pieces of personal information were illegally sold online in the first six months of the year Photo: GETTY IMAGES



By PA

9:14AM BST 06 Jun 2013


A strike coordinated with police and financial institutions disabled more than a thousand "botnets" used by a global cybercrime operation to steal people's banking information and identities, according to the software colossus.

Botnets are networks of computers infected with viruses that let them be controlled by hackers.

"Crimes used to happen through stickups, but today criminals use mouse clicks," said former US Department of Homeland Security cyber official Greg Garcia, a consultant who spoke for financial industry associations. "This action aims to stop the ongoing harm of these Citadel botnets against people and businesses worldwide."

An investigation launched early last year led Microsoft and its allies to malicious software called Citadel, which monitors keystrokes on infected machines and sends information such as account names and passwords to hackers.

Cybercriminals used stolen passwords to take money from online bank accounts, according to Microsoft.



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