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US Charges Dozens In Massive Cyberidentity Fraud Scheme

08 February 2018
US Charges Dozens In Massive Cyberidentity Fraud Scheme

In terms of scale of money stolen and global reach, the DOJ said Infraud is among the biggest in the world.

An Australian man is among 36 people arrested in connection with an global identity theft ring known as a "one-stop shop for cybercriminals" that sold stolen credit card information on the dark web, leading to losses of more than $677 million, U.S. prosecutors say.

The group, it is claimed, is responsible for somewhere between $530m and $2.2bn in losses, related to the compromise of 4.3 million credit cards, debit cards and bank accounts in all fifty USA states and beyond America's borders.

"The sole objective of the organization is the large scale acquisition and dissemination of stolen identities, compromised debit and credit cards, personally identifying information, computer malware and other products used to unlawfully enrich members and associates of the Infraud association", Dale Eliason, U.S. Attorney of Nevada, said in a call with reporters.

Created in Ukraine in 2010 by Svyatoslav Bondarenko, Infraud was a key hub for card fraud, touting itself with the motto "In Fraud We Trust". Bondarenko remains at large.

The cyber crime network, operating as an online discussion forum known as "Infraud", ran a sophisticated scheme that facilitated the purchase and sale of Social Security numbers, birthdays and passwords that had been stolen from around the world, the department said. After that, site co-founder Sergey Medvedev took over; Medvedev has since been apprehended. Medvedev is among those arrested, according to the justice department.

Most of the organization, including five out of six of Infraud's leaders, remain at large.

The alleged cyber criminal from Britain, who used aliases including "Aslike1", "Aslike", "Moneymafia" and "Shilonng", could face up to 20 years in a United States jail if he is extradited, the country's authorities say.

Law enforcement has only arrested 13 of the members so far, five of which are from the U.S. and only one of which (Sergei Medvedev) is considered top brass.

Police say they've shut down a major underground internet forum that helped cybercriminals steal over $530 million from victims.

Update: Added the organizational chart and details on arrests.