The network, known as “Avalanche,” served as a platform for phishing, malware distribution, and money laundering.
Read the full article at: www.wired.com
If you don’t think cyber crime isn’t a big business think again!
“The scale of Avalanche is overwhelming, as was that of the effort to unwind it. Criminals have been using the platform since 2009 to mount phishing attacks, distribute malware, shuffle stolen money across borders, and even act as a botnet in denial of service attacks. It specialized in targeting both financial institutions and people’s personal financial data, to great success. The Department of Justice pegs the monetary losses associated with Avalanche’s malware attacks as “in the hundreds of millions of dollars worldwide.”