A hacker’s ring that has reportedly stolen close to $74 million has been stopped by the US’s FBI. The group used malware in the form of security software/updates that were totally useless except for obtaining personal and banking information from computers which was then used for identity fraud and many other uses.
From false advertising to pure and simple malware propagation, the perpetrators were arrested and are now under process of being charged for computer fraud and many other crimes related to the case. The amount is a mere reflection of the amount of losses businesses and private individuals get from malware which shows no sign of slowing down. As one ring is closed another takes it’s place, in the never ending battle against cyber-rime and the people behind them.