An international gang of cyber criminals accused of stealing and selling credit card and personal identity data has been busted with the arrest of a Russian national in Bangkok on Friday.
The Thailand Police have detained the Russian national, Sergey Sergeyvich Medvedev believed to be the No.2 organiser of a transnational gang operating a black market and theft operation known as the Infraud International theft ring, Bangkok Post reported.
The arrest is believed to be a part of a US FBI bust of the gang which operated on the dark-web selling information to other criminals using Bitcoin currency.
Thai police sources told the newspaper that the FBI and Italian police on Tuesday seized a computer server owned by the gang in Italy but no suspect was arrested in the operation.
The US Justice Department announced indictments Wednesday for 36 people - not including Mr Medvedev - accused of running a transnational ring stealing and selling credit card and personal identity data, causing $530 million in losses.
Created in Ukraine in 2010 by Svyatoslav Bondarenko, Infraud was a key hub for card fraud. The US claimed that Mr Medvedev was a co-founder of the site, and No.2 in its hierarchy.
It was "the premier one-stop shop for cybercriminals worldwide," said Deputy Assistant Attorney General David Rybicki.
Members could buy and sell card and personal data for use to buy goods on the internet, defrauding the card owners, card issuers and vendors.
Indonesias cyber defence organization, the State Code and Cyber Agency (BSSN) said it will team up with Australian counterpart in creating standard of handling cyber attacks. "Yesterday we organized a workshop with friends from Australia and we will cooperate technically at least in incident handling, in creating the standard," BSSN spokesman Anton Setiawan told ANTARA News Agency on the sidelines of Indonesia-Australia Digital Forum 2018 here on Wednesday
Israels largest bank Poalim Bank and prime aerospace and aviation manufacturer Israel Aerospace Industries (IAI) have announced collaboration for leveraging Blockchain technology to create innovative cyber solutions. The joint research undertaken by the two companies will examine how Blockchain, the innovative technology at the basis of cryptocurrencies such as Bitcoin, could be used for developing innovative cyber security solutions, such as secure transmission of information between services and supply chains, user authentication, critical devices and elements that run with no human intervention and additional solutions for the cyber challenges in a hyper-connected world
China on Tuesday unveiled a Cybersecurity Innovation Center (CIC) to develop cyber defense systems ‘to help win future cyber wars. The CIC was set up under the instruction of the Central Commission for Integrated Military and Civilian Development and related military bodies, which will also supervise and manage the center during its operation by one of Chinas leading cybersecurity companies, 360 Enterprise Security Group, Chinamil website reported today
Russia-based cyber security firm Kaspersky Lab have been awarded a research project by the Singapore government under the National Cybersecurity R&D Programme to provide an innovative solution for identifying source of APT malware. In collaboration with the National University of Singapore (NUS), the research project by Kaspersky Lab is one of the nine cybersecurity projects awarded by the Singapore National Research Foundation with a total of $15
The Russia Federal Security Service (FSS) has been given the responsibility of defending the country against cyber-attacks. Based on the draft proposal issued on Russian legal information web portal on Friday, the presients decree of Jan 15, 2014 on establishing a state system of detection, prevention and elimination of cyber-attacks on Russian digital resources, the amendments will ensure FSB maintain this system,
Israeli cyber security researchers are claiming that the virus that attacked computers in two Israeli hospitals last week was released by a hacker who identifies himself as a Palestinian. The virus is a spy tool designed to extract information
Mitsubishi Heavy Industries (MHI), Nippon Telegraph and Telephone (NTT) and associated companies have commercialized InteRSePT1, a jointly developed cyber security technology for critical infrastructure control systems. InteRSePT1 provides real-time anomaly detection and response for unknown cyber-attacks, contributing to safe and secure system operations
Britain has held the Russian government responsible for the cyber attacks on the businesses across Europe last year. British Foreign Minister Tariq Ahmad said in a statement: "the U
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