News Forum - Global hacking group dismantled in Thai-US joint operation

[Thaiger]

In an unprecedented global crackdown, a leading cybercrime organisation, described as the world’s most sophisticated hacking group, has been successfully dismantled. This victory comes as a result of a tireless combined operation between Thai and US security services. The operation orchestrated by the FBI and Thailand’s Technology Crime Suppression Division (TCSD), resulted in the arrest … …

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[Vigo]

Thankfully, the USA once again has acted to protect the free world from foreign thieves. The indictment provides a revealing indication of how foreign criminal funds are laundered in Thailand. This is set out on page 18 of indictment and I bet some of the residents of the buildings where condo units were seized will be surprised.  It may confirm some of the opinions some people have about some banks that seem to come up frequently when there is financial fraud. However, it will also explain why some banks have applied the regulations more thoroughly since 2022.  The Thailand registered companies he used and named in the indictment are;  Spicy Code Company Limited, Oasis Capital Company Limited, Hairimo Company Limited, Global Media Company Limited, Cyber Safe Company Limited, and Lily Suites Company Limited, all registered in Thailand. 

 

WASHINGTON (AP) — An international law enforcement team has arrested a Chinese national and disrupted a major botnet that officials said he ran for nearly a decade, amassing at least $99 million in profits by reselling access to criminals who used it for identity theft, child exploitation, and financial fraud, including pandemic relief scams.

- “911 S5″ botnet — a network of malware-infected computers in nearly 200 countries.

- Yunhe Wang, 35, was arrested May 24 in Singapore, and search warrants were executed there and in Thailand. Authorities also seized $29 million in cryptocurrency,

- Wang, sold access to the 19 million Windows computers he hijacked — more than 613,000 in the United States.  They used Wang’s network of zombie residential computers to steal from financial institutions, credit card issuers and accountholders, and federal lending programs since 2014. An estimated $5.9 billion  losses due to fraud against US sponsored relief programs including  560,000 fraudulent unemployment insurance claims originated from compromised IP addresses.

- Wang used his illicit gains to purchase 21 properties in the United States, China, Singapore, Thailand, the United Arab Emirates and St. Kitts and Nevis, where it said he obtained citizenship through investment.

I expect that of the 19 million  zombie computers millions were located in Thailand where  there is no respect for licenses or intellectual property and locals just copy software oblivious to it being contaminated.

The previous largest worldwide cyber fraud was the Russian based "Hive" group which was believed to be  a state sanctioned operation.