Join the Community

22,086
Expert opinions
44,061
Total members
421
New members (last 30 days)
193
New opinions (last 30 days)
28,702
Total comments

Zeus Malware Gang take-down

Zeus is no longer a god of malware; he’s been taken down by law enforcement agencies spanning six European nations. Five people were recently arrested—believed to have infected tens of thousands of computers across the globe. There have been 60 total arrests pertaining to this cybergang.

They also used malware called SpyEye, and that, along with Zeus, stole money from major banks. This was a clever operation that included ever-changing Trojans, and mule networks.

Another malware that was asphyxiated was the BeeBone botnet, which had taken over 12,000 computers across the world.

We can thank the Joint Investigation Team for these successes. And they don’t stop there. The JIT put a stop to the Ramnit botnet, responsible for infecting 3.2 million computers globally.

The JIT is comprised of judicial authorities and investigators from six European nations. The cybergang is believed to have its origins in Ukraine. This crime ring was sophisticated, repeatedly outsmarting banks’ revisions of their security measures. Each crook in this ring had specially assigned duties and caused total mayhem to their victims. They even sold their hacking expertise and recruited more thieves. This was one hefty cybergang.

The six nations that are members of JIT are the UK, Norway, Netherlands, Belgium, Finland and Austria. The investigation began in 2013 and had a most thrilling ending. And it wasn’t easy. Here’s some of what was involved in this investigation:

  • Analysis of terabytes of data (one terabyte = one million million bytes)
  • Forensic analysis of devices
  • Analysis of the thousands of files in the Europol Malware Analysis System
  • Operational meetings and international conference calls

But the game isn’t over; there are still more cybergang members out there, and JIT will surely hunt them down by analyzing the mountainous load of data that was collected from this investigation. The funding comes from Europol and Eurojust. In fact, Eurojust has provided legal advice and was part of the composition of the JIT Agreement.

Other countries were instrumental in achieving this capture: Latvia, Estonia, Moldova, Poland, Germany, Ukraine and the U.S.

 

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Join the Community

22,086
Expert opinions
44,061
Total members
421
New members (last 30 days)
193
New opinions (last 30 days)
28,702
Total comments

Trending

Kyrylo Reitor

Kyrylo Reitor Chief Marketing Officer at International Fintech Business

How to avoid potential risks when working with correspondent accounts

Kathiravan Rajendran

Kathiravan Rajendran Associate Director of Marketing Operations at Macro Global

Is a Seamless Cross-Border Payment Future Possible?

Now Hiring