United States takes down global cybercrime network

Ann Santiago
February 9, 2018

David Rybicki, deputy assistant attorney general of DoJ's Criminal Division said the forum coordinated a variety of criminal acts online including "identity theft, bank fraud, wire fraud, and computer crimes".

USA officials said the suspects called their enterprise the Infraud Organization and operated under the slogan "In Fraud We Trust".

Of the 36 people indicted, 13 have been arrested in the United States, Australia, the United Kingdom, France, Italy, Serbia and Kosovo, the breakaway Serbian province the USA has recognized as an independent state.

In total, they allegedly caused more than $530 million in actual losses to consumers, businesses, and financial institutions.

In addition to facilitating the sale of stolen information, the department also alleged the network provided an escrow (temporary third-party) account so people could launder their proceeds using digital currencies including Bitcoin, Liberty Reserve, Perfect Money and WebMoney.

Beyond the aforementioned seven countries in which suspects were arrested, other countries in which alleged Infraud operators are based include Bangladesh, Canada, Egypt, Italy, Ivory Coast, Kosovo, Macedonia, Moldova, Pakistan and Russian Federation.

According to the indictment, Infraud was launched in October 2010 by Svyatoslav Bondarenko, 34, of Ukraine, who was among those charged with transnational racketeering conspiracy. "After Bondarenko went missing in 2015, Medvedev took his place as owner and administrator of the Infraud Organization".

The site directed potential buyers to the automated vending sites of other members who possessed stolen financial, banking, or personal identification data, malware, or other illicit goods. The group wanted to be known as the Internet's leading location for carding-buying retail items with counterfeit and stolen credit cards. Such fraud may be enabled with the help of fraudulent identification documents.

It offered a marketplace for stolen data such as the sale of credit card data, social security numbers, malware, hardware and tools related to credit card fraud.

The indictment outlines a complex hierarchy for the Infraud Organization that involved site moderators, vendors and members. In the indictment, prosecutors stated that members of the cybercrime organization stole PayPal account information from an estimated 1,300 individuals and sold more than 795,000 HSBC bank accounts.

The Infraud organization online site now resolves to this takedown notice. A newly released indictment also names 23 other alleged members of Infraud who remain at large.

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