US arrests 36 people in $677m cyber fraud takedown

By on
US arrests 36 people in $677m cyber fraud takedown

Australia caught up in bust of 'In Fraud' scheme.

The US Justice Department announced one of its largest-ever takedowns of a global cyber crime ring on Wednesday, saying it had indicted 36 people accused of trafficking in stolen identities and causing more than US$530 million (A$677 million) in losses to consumers. The cyber crime network, ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
finance fraud in fraud security

Most Read Articles

CBA slammed by RBA for stalling New Payments Platform

CBA slammed by RBA for stalling New Payments Platform
TPG 'contemplates' future of sub-$60 NBN plans

TPG 'contemplates' future of sub-$60 NBN plans
Inside Infosys' complex Centrelink payments calculator overhaul

Inside Infosys' complex Centrelink payments calculator overhaul
NBN Co challenges Australia's $60 broadband 'sweet spot'

NBN Co challenges Australia's $60 broadband 'sweet spot'
You must be a registered member of iTnews to post a comment.
| Register

Whitepapers from our sponsors

Are you getting profitable outcomes from your IT?
Are you getting profitable outcomes from your IT?
Your Microsoft Security journey starts here
Your Microsoft Security journey starts here
Is your AWS framework well-architected?
Is your AWS framework well-architected?
Why you should reassess your cybersecurity posture
Why you should reassess your cybersecurity posture
How will you manage the cloud data deluge?
How will you manage the cloud data deluge?

Events

Log In

Username / Email:
Password:
  |  Forgot your password?