Facebook Helps FBI in Bring Down to Cyber Criminals

The social media giant Facebook Inc (NASDAQ:FB) helped the Federal Bureau of Investigation (FBI) broken an international crime ring that tainted 11 million computers worldwide and due to losses of $850 million in total, one of the greatest cyber-crime hauls in the history. The FBI, who was supported by Facebook Inc (NASDAQ:FB) along with several International law enforcement agencies arrested the 10 persons, whom the Bureau said infected computer with Yahos and Butterfly botnet malicious software, Stole credit card, Bank, and other personal information. The charged hackers engaged the “Butterfly Botnets” according to the agency, which worked also with the U.S. department of Justice. Botnet is a name given to networks agreement of computers which can be used in a large-scale of cyber attacks on PCs.

Security team of Facebook provided assistance to law enforcement throughout the investigation by helping to identify the main cause, the criminals and those affected by the malware, the FBI said in a statement. Yahos targeted Facebook users from 2010 to October 2012 and security systems were able to detect affected accounts and provide tools to remove these threats. The FBI disclosed that arrests were made in Bosnia and Herzegovina, Croatia, Macedonia, New Zealand, Peru, the United Kingdom and the United States. The FBI said that it a conducted series of interviews and executed a number of search warrants. The U.S. federal agency said in a statement on its website that Facebook Inc (NASDAQ:FB) helped the FBI after the criminals targeted its users with Yahos from October 2010 to October 2012. Facebook helped to spot criminals as well as the affected accounts.

The FBI said, Its security systems were able to detect affected accounts and provide tools to remove these risks. But the FBI didn't say anything on how it reached at the whopping figure of $850 million, this case leaves behind the Eurograbber disclosed last week to have stolen about $47 million from European banking customers in previous years. The Yahos spoils leaves behind the Zeus botnet crime ring which infected around 13 million computers with malware to steal more than $100 million. Although there cannot be an exact record as to the number of cyber crimes determined experts says that the crime is on the rise worldwide.

The Main Reasons
  • The reasons of an increasing numbers of cyber attacks could be attributed to more popular PC and mobile computing.
  • The increasing numbers of financial transaction done online.
  • Making it hard for law enforcement.
  • Cyber security professionals.
  • Targeted corporations to spot and eliminate the attacks.

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