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U.S., EU Officials Stop $100 Million Cyberattack

Global crime ring developed malware to steal banking login details, then initiate wire transfers from thousands of businesses.

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U.S. and European law enforcement officials said on Thursday that they had dismantled a global organized cybercrime network, which used malware to steal banking login details in an attempt to pocket about $100 million from thousands of businesses.

A federal grand jury in Pittsburgh charged 10 members of the network, and other criminal prosecutions have begun in Georgia, Moldova, and the Ukraine, the European Union’s (EU’s) agency for law enforcement cooperation Europol said in a statement. Five Russian nationals charged in the indictment are on the run, the agency said, including the developer of the malware.

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