FBI breaks up organized cybercrime ring

December 14, 2012

Organisations with an interest in cyber security and vulnerability management may be interested to hear that the FBI, in collaboration with law enforcement partners from around the world, has broken up a major digital crime network.

Ten people from countries including Croatia, New Zealand, the United Kingdom and the United States have been arrested in relation to the organised cybercrime ring, which purportedly generated complex malware in order to steal more than $850 million from compromised computer systems.

The security team of popular social networking site Facebook also assisted with the investigation, and aided the authorities in discovering the root cause, as well as the victims and perpetrators of what has been dubbed the 'Butterfly Botnet'.

In order to mitigate the risk of being affected by malicious cyber criminals, the FBI suggests that all internet users regularly update applications and operating systems, as well as perform regular anti-virus scanning.

Another way in which businesses and organisations can help ensure they are protected from the myriad of digital threats present is by engaging in security audit and penetration testing evaluations, to help identify any potential vulnerabilities in existing systems.

Anybody who fears they may have been a victim of the Butterfly Botnet is encouraged to file an official report with the FBI’s Internet Crime Complaint Center.

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