Security Bulletin: $72M Fraud Scheme

By Ciara Hamagishi – 06/23/11

A $72 million fraud scheme is now over:Faronics: Security Bulletin

  • Outdated software to blame for security vulnerabilities at banks
  • Cybercrime ring accused of stealing from over 10 countries taken down
  • Conficker worm was spread by this crime ring (since 2008)
  • Estimated that over $72 million was taken in total
  • A majority of the crimes were based out of Ukraine

Ciara Hamagishi