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Thais Arrest Alleged Russian Cybercrime Market Operator

Police in Thailand announced Friday they have arrested a Russian national accused by U.S. authorities of running an online cybercrime marketplace where everything from stolen credit card information to hardware for compromising ATM machines could be purchased. Police said Sergey Medvedev was arrested at his Bangkok apartment on February 2 at the request of U.S. authorities. The U.S. Justice Department on Wednesday announced indictments against 36 people accused of being active in the Infraud Organization — founded in 2010 and operated under the slogan "In Fraud We Trust" — which was an anonymous online forum that the department described as a "one-stop shop for cybercriminals." It said it had nearly 11,000 members who traded more than 4.3 million credit cards, debit cards and bank accounts worldwide, leading to losses of more than $530 million for legitimate users and businesses. The U.S. indictment described Medvedev, 31, as the group's co-founder along...

 

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