Tuesday, 25 September, 2018

United States announces takedown of $530 million cyberfraud network

Acting Assistant Attorney General John Cronan speaks at the daily briefing at the White House in Washington U.S Acting Assistant Attorney General John Cronan speaks at the daily briefing at the White House in Washington U.S
Nellie Chapman | 08 February, 2018, 05:28

An Australian man is among 36 people arrested in connection with an global identity theft ring known as a "one-stop shop for cybercriminals" that sold stolen credit card information on the dark web, leading to losses of more than $677 million, USA prosecutors say.

United States investigators called Infraud one of the largest cyberfraud enterprises they'd ever prosecuted. It had 10,901 approved "members" registered to buy and sell with them in early 2017, and maintained a rating and feedback system for members.

He is one of 36 suspects from across the globe indicted over their roles within the group, which is said to have committed "large-scale acquisition, sale and dissemination" of stolen identities, debit and credit cards and other sensitive information.

Rojas, 27, allegedly went by the aliases Guapo, Guapo1988, and Onlyshop and was arrested in the worldwide sweep with 12 other defendants from the US, the United Kingdom, France, Italy, Kosovo and Serbia, US authorities said. The prosecution resulted from the Operation Shadow Web investigation conducted by U.S., European, Australian and Asian law enforcement.

It provided an escrow service facilitating transactions using digital currencies including Liberty Reserve, Bitcoin, Perfect Money and WebMoney.

Most of the members of Infraud never met in person and only knew one another through their online usernames, he said.

"Over the course of the Infraud Organization's seven-year history, its members targeted more than 4.3 million credit cards, debit cards and bank accounts held by individuals around the world and in all 50 (US) states".

Created in Ukraine in 2010 by Svyatoslav Bondarenko, Infraud was a key hub for card fraud, touting itself with the motto "In Fraud We Trust". It also promised that only high quality vendors of stolen credit cards could participate. Currently, 13 are in custody the Justice Department said.

VIP Members and Members used the Infraud forum to gather information and to facilitate their criminal activities.