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Thirty-six Indicted for $530 million in global cyber-crime losses

Joe Mont | February 8, 2018

A federal indictment, unsealed on Feb. 8,  charges 36 individuals for their alleged roles in the Infraud Organization, an Internet-based cybercriminal enterprise engaged in the large-scale acquisition, sale, and dissemination of stolen identities, compromised debit and credit cards, personally identifiable information, financial and banking information, computer malware, and other contraband.

Following the return of a nine-count superseding indictment by a Las Vegas, Nevada, grand jury alleging racketeering conspiracy and other crimes, federal, state, local, and international law enforcement authorities arrested 13 defendants from the United States and six countries: Australia, the United Kingdom, France, Italy, Kosovo and Serbia.

 “Today’s indictment and arrests mark one of the largest cyber-fraud enterprise prosecutions ever undertaken by the Department of Justice,” Acting Assistant Attorney General John Cronan of the Justice Department’s Criminal Division, said in... To get the full story, subscribe now.