Symantec Research Provides Key Evidence for International Cybercriminal Takedown
December 16 2016 - 12:02PM
Business Wire
Three men arrested in Romania and extradited to
the U.S. for $35 million USD fraud operation known as “Bayrob”
Symantec Corp. (NASDAQ: SYMC), the global leader in cyber
security, today revealed the findings of a decade-long research
campaign that helped unearth an international cybercriminal gang
dubbed “Bayrob.” Symantec’s wealth of intelligence led to a
successful FBI sting operation and the capture of three criminals
in Romania. The group is responsible for stealing up to $35 million
USD from victims through auto auction scams, credit card fraud and
computer intrusion.
Through its research, Symantec discovered multiple versions of
Bayrob malware, collected helpful intelligence data, and witnessed
Bayrob as it morphed from online fraud to a 300,000+ botnet for
cryptocurrency mining. Over time, Symantec’s research team gained
deep technical insight into Bayrob’s operations and its malicious
activities, such as its recruitment of money mules.
“The Symantec Security Response team responsible for gathering
the intelligence that assisted the FBI in this operation has an
unparalleled track record when it comes to detecting cyber
criminals and their stealthy methods,” said Mike Fey, president and
chief operating officer at Symantec. “We expect our success record
will continue to grow now that we’ve combined Symantec’s global
threat intelligence with Blue Coat. By unifying our threat
telemetry we’re seeing 500,000 additional detections every day to
help us get ahead of attacks and defend our customers.”
Since 2007, Symantec gathered insight of infection vectors,
malicious programs and exploitation methods, as well as
intelligence about the gang’s victims. These investigations and
countermeasures assisted the FBI and authorities in Romania in
building their case to arrest three of Bayrob’s key actors and
extradite them to the U.S.
For more information about Symantec’s research campaign that
discovered and tracked Bayrob, visit the Security Response
blog.
About Symantec
Symantec Corporation (NASDAQ: SYMC), the world’s leading cyber
security company, helps organizations, governments and people
secure their most important data wherever it lives. Organizations
across the world look to Symantec for strategic, integrated
solutions to defend against sophisticated attacks across endpoints,
cloud and infrastructure. Likewise, a global community of more than
50 million people and families rely on Symantec’s Norton suite of
products for protection at home and across all of their devices.
Symantec operates one of the world’s largest civilian cyber
intelligence networks, allowing it to see and protect against the
most advanced threats. For additional information, please
visit www.symantec.com or connect with us on Facebook,
Twitter, and LinkedIn.
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version on businesswire.com: http://www.businesswire.com/news/home/20161216005556/en/
SymantecMara Mort, 415-850-8645mara_mort@symantec.comorEdelman
for SymantecJenn Foss, 425-765-3485jenn.foss@edelman.com
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