Posts Tagged ‘$850 million’

$850 million posts
There’s a new (digital) sheriff in town

There’s a new (digital) sheriff in town

On December 12, 2012 the Federal Bureau of Investigations announced a cybercrime bust it had recently executed and credited Facebook’s security team as its primary collaborator.  The operation, which culminated in the arrest of 10 suspects, targeted an international assemblage of online offenders that the FBI labeled the ‘Butterfly Botnet.’  This cyber posse allegedly used a destructive breed of Malware, known as ‘Yahos,’ to corrupt 11 million computers and extract $850 million from unwitting victims, according to the FBI. A story like this evokes mixed reactions among…

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