‘Avalanche’ cyber-crime platform dismantled, EU security forces praised

A four-year long investigation by various multinational law enforcement agencies including Europol, the FBI and the US Justice Department, has brought down the international criminal infrastructure platform known as ‘Avalanche’.

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Concluding a four year long investigation of various multinational law enforcement agencies including Europol, the FBI and the US Justice Department, international criminal infrastructure platform known as ‘Avalanche’ has been dismantled.

The Avalanche network was used as a delivery platform to launch and manage mass global malware attacks and money mule recruiting campaigns. It has caused an estimated £5 million (6 million euros) in damages in concentrated cyber-attacks on online banking systems in Germany alone.

In addition, the monetary losses associated with malware attacks conducted over the Avalanche network are estimated to be in the hundreds of millions of euros

Read more at: http://www.scmagazineuk.com/avalanche-cyber-crime-platform-dismantled-eu-security-forces-praised/article/576566/