December 18, 2012

Four year sentence for processing scareware payments

Security Money iconA Swedish credit card payments processor has received a four year jail term and has been fined $650,000. He is reported to have been part of an international crime ring which used scareware to extort $71 million from around 960,000 victims. In a press release, the US Department of Justice described people like the defendant as "the backbone of the cybercrime underworld" and stated that, as an established businessman, he had put a "stamp of legitimacy" on criminal activities. Techniques used to snare victims included fake web sites claiming to offer free anti-virus software...Read more at The H

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