It was a highly secure infrastructure of servers that allegedly offered cyber criminals an unfettered platform from which to conduct malware campaigns and “money mule” money laundering schemes, targeting victims in the U.S. and around the world.
But the Avalanche network, which was specifically designed to thwart detection by law enforcement, turned out to be not so impenetrable after all. And late last week, the FBI took part in a successful multi-national operation to dismantle Avalanche, alongside our law enforcement partners representing 40 countries and with the cooperation of private sector partners. The investigation involved arrests and searches in four countries, the seizing of servers, and the unprecedented effort to sinkhole more than 800,000 malicious domains associated with the network.
It’s estimated that Avalanche was responsible for as many as 500,000 malware-infected computers worldwide on a daily basis and dollar losses at least in the hundreds of millions as a result of that malware.
“Cyber criminals can victimize millions of users in a moment from anywhere in the world,” according to Scott Smith, assistant director of the FBI’s Cyber Division. “This takedown highlights the importance of collaborating with our international law enforcement partners against this evolution of organized crime in the virtual.”
The post Joint Cyber Operation Takes Down Avalanche Criminal Network appeared first on KI Design Magazine.
Joint Cyber Operation Takes Down Avalanche Criminal Network was first posted on December 5, 2016 at 6:56 am.
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