Tag: portugal
$1bn Korean bust is tip of SE Asian cybercrime iceberg
Authorities in Korea and Beijing dismantled a sprawling voice phishing syndicate responsible for financial losses totaling US$ 1.1 billion. But South-East Asian observers believe this to be only the tip of an impenetrable iceberg of cybercrime in South-East Asia that is rapidly starting spread around the globe. The Korean bust was part of an Interpol-co-ordinated global operation involving law enforcement from 40 countries, territories, and regions and has ended with the arrest of over 5,500 financial crime suspects and the seizure of more than US$400 million in virtual assets and government-backed currencies.
Dutch Police Take Down major global cyber threat
The Dutch Police, Politie, claim to have removed a major threat to organizations all over the world by dismantling two of the most notorious ‘infostealers’, software designed to breach computer systems to steal sensitive information. “Operation Magnus,” conducted in collaboration with Team Cybercrime Limburg, is reported to have taken down the Redline and META info stealers, which have been responsible for infecting millions of computers worldwide with malware, leaving them open to devastating ransomware attacks and other threats.