Justice Department, international law enforcement disrupt major marketplace for cybercriminals

The Justice Department partnered with international law enforcement to take down an online marketplace offering stolen login credentials for various accounts including bank and online payment, DOJ said on Thursday. It’s unclear how much cybercriminals scored financially using the stolen logins, but the newly unsealed affidavit for a warrant notes victim reports topping $200 million in losses in the U.S. alone. The marketplace, Slilpp, reportedly sold login credentials for over 1,400 account providers at the time that law enforcement disrupted the marketplace’s servers and domains. “With today’s coordinated disruption of the Slilpp marketplace, the FBI and our international partners sent a clear message to those who, as alleged, would steal and traffic in stolen identities: we will not allow cyber threats to go unchecked,” acting U.S. Attorney Channing Phillips of the District of Columbia said in a statement. “We applaud the efforts of the FBI and our international partners who […]

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Europol busts global ATM skimmer network

Europol arrested four members of a global criminal network allegedly responsible for placing ATM skimmers around European cities and then cashing out on the other side of the world, the international law enforcement agency announced on Thursday. The arrests mark the end of a two-year investigation that spanned the entire European continent as well as South America and Asia. All four arrested men are Bulgarian nationals, Europol said. ATM skimmers are a common tool used by criminals to steal bank account information from unwitting ATM users. The devices are essentially man-in-the middle attacks that catch account information when people dip their cards. Skimmers are often invisible to the eye and extremely easy to make and use. “Years ago it took someone with knowledge and skills to build a credit card skimmer,” Nate Seidle, CEO of the open source electronics firm SparkFun, explained earlier this year. “Now criminals are buying these off the […]

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