Trump picks Pam Bondi as attorney general after Matt Gaetz withdraws    Fake-alcohol deaths highlight SE Asia's methanol problem    Netanyahu attacks ICC war crimes arrest warrants    KSrelief provided over $7bln to support children around the world    Al-Jasser: Saudi Arabia to expand rail network to over 8,000 km    OMODA&JAECOO: Unstoppable global cumulative sales over 360,000 units    Saudi Arabia sees 73.7% rise in investment licenses in Q3 2024    9 erring body care centers shut in Riyadh    20,000 military emblems confiscated in Riyadh    Al-Samaani visits headquarters of Hague Conference on Private International Law    Al Hilal doesn't need extra support to bring new players, CEO says    Fate of Gaetz ethics report uncertain after congressional panel deadlocked    Indian billionaire Gautam Adani indicted in New York on fraud charges    Rafael Nadal: Farewell to the 'King of Clay'    Indonesia shocks Saudi Arabia with 2-0 victory in AFC Asian Qualifiers    Sitting too much linked to heart disease –– even if you work out    Yemeni Orchestra's captivating performances in Riyadh, showcasing shared cultural legacies    Future of Ronaldo's Al Nassr contract remains undecided, says Saudi Pro League CEO    GASTAT report: 45.1% of Saudis are overweight    Denmark's Victoria Kjær Theilvig wins Miss Universe 2024    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Sports cars and millions seized in cybercrime busts
Published in The Saudi Gazette on 30 - 05 - 2024

The US and Europe have separately announced major takedowns of cybercrime networks that defrauded people of billions.
The US has arrested Chinese national YunHe Wang and seized assets including a Ferrari, luxury watches and 21 properties.
While Europol, Europe's crime agency, has made four arrests but said eight fugitives are on the run. They will be added to Europe's "most wanted" list.
Both the US Department of Justice (DoJ) and Europol each claimed their operations were the biggest bust of a "botnet" in the world.
Cybercriminals use so-called botnets to take over people's computers and install malicious software.
This software can then be used to collect data from a computer, send spam or even delete person data without the owner's knowledge.
The DoJ said Wang is accused of using a botnet to hack into more than 19 million devices across almost 200 countries.
Nicole Argentieri, principal deputy assistant attorney general, said: "Wang created malware that compromised millions of residential computers around the world and then sold access to the infected computers to cybercriminals."
She said criminals used this access to conceal their identity and "anonymously commit a wide array of offenses". These include fraud, child exploitation and harassment - and even bomb threats.
It also estimated that more than 500,000 fraudulent unemployment insurance claims were sent from computers under his control, resulting in a loss of more than $5.9bn (£4.6bn).
The DOJ accused Wang of using the proceeds to buy $60m worth of luxury assets, and said it had seized a Ferrari, a Rolls-Royce, two BMWs and several watches - as well as bank accounts and cryptocurrency wallets.
He also bought property in the US, St Kitts and Nevis, China, Singapore, Thailand and the United Arab Emirates, it said.
Law enforcement agencies in Singapore and Thailand, as well as technology giant Microsoft, were among the organizations that helped with the investigation.
Wang has been charged with conspiracy to commit computer fraud, substantive computer fraud, conspiracy to commit wire fraud and conspiracy to commit money laundering.
If convicted on all counts, he faces a maximum penalty of 65 years in prison.
Meanwhile, Europol said it had arrested the ringleaders of several cybercrime networks that used botnets.
It has made arrests in Armenia and Ukraine and taken down servers across the world including in the UK, the US and Germany.
More than 2,000 websites are now under the control of European law enforcement.
Europol said one of the main suspects had made more than €69 million (£58m) in cryptocurrency through what is known as ransomware -- installing software that makes it impossible for a person to access their computer unless they pay a fee.
In addition, eight fugitives who are on the run and wanted in Germany for their involvement in cybercrime will be added to Europe's most wanted list.
The malicious software got on peoples' devices mainly through phishing attempts - such as the kind of emails people are advised not to click on - and compromised websites.
Europol said the take down -- dubbed Operation Endgame - is ongoing and it has plans for future busts. — BBC


Clic here to read the story from its source.