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Three cybercriminals arrested and extradited from Romania to the US

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December 19, 2016

We learned today that three suspected cybercriminals have been arrested and extradited from Romania to the United States over several multi-million dollar malware-facilitated scams.

The suspects are believed to be members of a gang, nicknamed Bayrob by Symantec researchers, which allegedly earned a living from online fraud for almost ten years.

The indictment suggests the criminals pocketed at least $4 million from victims spread across the globe.

Since 2007, Symantec uncovered multiple versions of the Bayrob malware, which over time evolved from a facilitator of online auction fraud to a 300,000+ botnet for cryptocurrency mining.

The security firm's intelligence helped lay the groundwork for a successful FBI sting operation which led to the capture and arrest of the suspects in Romania.

At first, the criminals began running elaborate schemes where they created fake vehicle auctions to defraud victims out of tens of thousands of dollars before diversifying into credit card fraud and hacking.

Initially, it appears that the gang infected between 60,000 and 160,000 computers and then sent out eleven million malicious emails to unsuspecting victims.

The suspects are alleged to have laundered the gang's ill-gotten gains through so-called money mules.

Bogdan Nicolescu, 34 (alleged to be “Masterfraud”); Danet Tiberiu, 31 (alleged to be “Amightysa”); and Radu Miclaus, 34 (alleged to be “Minolta”) were arrested by police in Romania earlier this year before being extradited to the United States, where they now face multiple charges relating to fraud, identity theft, money laundering, and trafficking in counterfeit goods or services.

More details of the twenty-one count indictment unsealed on Friday can be found on the FBI website.

Source: The FBI.

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Read the latest IT news. Visit ItDirection.net. Updated several times daily.

If you need reliability when it comes to SMTP servers, get the best, get Port 587.

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