US, European authorities carry out sweeping crackdown on prolific QQAAZZ cybercriminal group
U.S. and European law enforcement have embarked on a coordinated crackdown on an Eastern European cybercriminal group accused of trying to launder tens of millions of dollars stolen from victims. Fourteen people have been charged for allegedly laundering money for QQAAZZ, as the group is known, the U.S. Justice Department announced Thursday. Meanwhile, houses were raided across Europe, a number of arrests were made in Latvia and a cryptocurrency mining operation was seized in Bulgaria. It’s the most significant law enforcement offensive to date against QQAAZZ, whose members are allegedly from Bulgaria, Latvia, Georgia, Romania and elsewhere. The network has allegedly operated hundreds of bank accounts throughout the world to launder money stolen by criminal hackers, sometimes converting it to cryptocurrency. They stand accused of hawking their “bank drops service” on Russia-speaking cybercriminals forums. “The criminal gangs behind some of the world’s most harmful malware families are among those cybercriminal groups […]
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