Authorities in Europe and the United States said Thursday that they have dismantled Avalanche, a huge computer network that criminals used to steal hundreds of millions of dollars from online banking customers around the world.
Avalanche enabled criminals to send various types of malicious software and spam to customers, who would then open these message and cause their computers to become infected with the so-called “malware.”
In many cases, the “malware” allowed criminals to steal bank and email passwords from customers in the U.S. and about 180 other countries.
“With this information, the criminals were able to perform bank transfers from the victims’ accounts,” according to the European Police Office, or Europol, which handles law enforcement for the European Union. “(Criminals) sent more than 1 million emails with damaging attachments or links every week to unsuspecting victims.”