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Ransomware gang nabbed by European cops

John P. Mello Jr. | Feb. 18, 2013
It was the most complex cyber crime network in the world for ransomware, officials said

In Spain, compromised credit card numbers from victims' computers were used to make ATM withdrawals.

At the end of the laundry chain, daily international money transfers through currency exchanges and call centers were used to get the money to its final destination in Russia.

Lending a helping hand to Spanish authorities investigating the ransomware gang was the eCrimes Unit of Trend Micro.

Building and maintaining relationships with law enforcement agencies around the world is an ongoing initiative by the software maker, said Budd, who predicted that cooperation between security firms like Trend Micro and law enforcement authorities will be the wave of the future.

"Year over year and month over month, we're seeing increased cooperation between private companies and law enforcement agencies," he said. "It's a broad and necessary trend worldwide to better protect people."

"At the end of the day," he said, "technology solutions are only partially effective against threats that emanate from criminal behavior."

Read more about malware/cybercrime in CSOonline's Malware/Cybercrime section.


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