NEWSWIRETODAY Press Release& Newswire Distribution | HOME
MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: Panda Security
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Private Security Firms Help FBI Bring Down Cybercriminals - Hacker Arrested in Slovenia - Slovenian authorities working with the FBI arrest a man accused of creating malicious software and selling it to other cybercriminals
Private Security Firms Help FBI Bring Down Cybercriminals - Hacker Arrested in Slovenia

 

NewswireToday - /newswire/ - Tres Cantos, Madrid, Spain, 2010/07/29 - Slovenian authorities working with the FBI arrest a man accused of creating malicious software and selling it to other cybercriminals.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Security / Anti-Spam / Cybersecurity Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• Alleged mastermind is a 23 year-old man known only by his internet handle of “Iserdo”
• Butterfly botnet kit is the malicious software behind Mariposa and hundreds of other information stealing botnets which have infected millions of computers worldwide.
• Information stealing botnets consist of millions of compromised computers and have infected banks, government agencies and businesses in over 200 countries.

Panda Security and Canada’s Defence Intelligence provided key information to the FBI and international authorities that led to catching 23 year-old, “Iserdo,” the confirmed author of the Butterfly botnet kit. With their partners in the Mariposa Working Group, the two security firms identified Iserdo by analyzing the software behind the Mariposa botnet that compromised millions of systems worldwide. Iserdo was arrested last week in Maribor, Slovenia, and is currently free on bail.

Mariposa and other information stealing botnets are built using malicious software packages such as the Butterfly kit. The Butterfly kit sold online for between €500 and €1500 ($650 - $2,000 US) and allowed people with limited computer skills to perpetrate cybercrime on a massive scale. The Butterfly kit has been used to create almost 10,000 unique pieces of malicious software and over 700 botnets. Victims include hundreds of financial institutions and government departments as well as millions of private corporations and individuals worldwide.

“In the last two years, the software used to create the Mariposa botnet was sold to hundreds of other criminals, making it one of the most notorious in the world,” said FBI Director Robert S. Mueller, III. “These cyber intrusions, thefts, and frauds undermine the integrity of the Internet and the businesses that rely on it; they also threaten the privacy and pocketbooks of all who use the Internet.”

Defence Intelligence and Panda Security have been monitoring the Butterfly kit for almost two years. Victims include financial institutions, government agencies and businesses in over 200 countries. “What’s exciting about these arrests is that it’s the first time that the authors have been targeted. Typically, the operators of the botnets are caught, but it’s extremely rare to have caught the author of the build kit behind the botnet,” said Christopher Davis, CEO of Defence Intelligence.

Defence Intelligence is hoping that these arrests will serve as both a precedent and a warning. Davis adds,“We need to go after all of them - the people who write the code, the people who sell it, the people who distribute it, even the money mules they use to convert stolen credit cards and banking credentials into cash.”

“We are extremely proud to be involved in the ongoing effort to fight cybercriminals like Iserdo, but we know that this is just one of many cybercriminals causing harm and there is still much work to be done,” said Juan Santana, CEO, Panda Security. “At Panda Security we strongly believe that the fight against Internet crime requires an international collaborative effort from the computer security industry and public institutions. Together we must work to raise public awareness of the threat, push for proper legislation that apply dissuasive sanctions against criminal behavior, and provide proper training for working groups like the Mariposa Working Group to develop adequate prevention and remediation technologies to prosecute criminals effectively.”

Jeffrey Troy, Deputy Assistant Director for the FBI’s cyber division says, "as opposed to arresting the guy who broke into your home, we've arrested the guy that gave him the crowbar, the map, and the best houses in the neighborhood. And that is a huge break in the investigation of cyber crimes."

The Mariposa Working Group has contributed to the arrests of five cyber criminals in the last several months, and has dismantled one of the world’s largest botnets, Mariposa. Defence Intelligence currently redirects hundreds of botnets to their “sinkhole” networks in an effort to stop their spread and facilitate analysis. “Tens of millions of unique IP addresses are contacting us instead of the bad guys” says Matt Thompson, lead researcher for Defence Intelligence. “We’re proud of that”, he adds. More arrests are expected as law enforcement agencies track down users of the Butterfly kit.

About Defence Intelligence
Defence Intelligence is a privately held information security firm specializing in compromise protection. Based in Ottawa, Canada, the founders of Defence Intelligence are globally recognized industry experts. They have headed information security for Fortune 50 companies, consulted with hundreds of private enterprises and government agencies, and have assisted in the capture and prosecution of international computer criminals.

About Panda Security
Founded in 1990, Panda Security (pandasecurity.com) is the world’s leading provider of cloud-based security solutions, with products available in more than 23 languages and millions of users located in 195 countries around the World. Panda Security was the first IT security company to harness the power of cloud computing with its Collective Intelligence technology. This innovative security model can automatically analyze and classify thousands of new malware samples every day, guaranteeing corporate customers and home users the most effective protection against Internet threats with minimum impact on system performance. Panda Security has 56 offices throughout the globe with US headquarters in Florida and European headquarters in Spain.

Panda Security collaborates with Special Olympics, WWF and Invest for Children as part of its Corporate Social Responsibility policy.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Security / Anti-Spam / Cybersecurity Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Panda Security

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 

 
  Your Banner Ad showing on ALL
IT Security / Anti-Spam / Cybersecurity articles,
CATCH Visitors via Your Competitors Announcements!


Private Security Firms Help FBI Bring Down Cybercriminals - Hacker Arrested in Slovenia

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Communication - PandaSecurity.com 
+34 91 806 37 00 communication[.]pandasecurity.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Panda Security securities in any jurisdiction including any other companies listed or named in this release.

IT Security / Anti-Spam / Cybersecurity via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Panda Security / Company Profile


Read IT Security / Anti-Spam / Cybersecurity Most Recent Related Newswires:

Bitdefender Achieves Highest Overall Performer in AV-Comparatives Endpoint Prevention and Response Report
Nozomi Networks Awarded by Frost & Sullivan for Leading the Operational Technology and IoT Cybersecurity Industry
Alert Logic Launches Comprehensive Intelligent Response for MDR with Actions Across EDR, Network, and IAM in Hybrid and Multi-Cloud Environments
Thales Introduces the First All-French Collaborative Platform Approved to Handle 'Restricted Level' Information
ImmuniWeb and the UN ITU Announce a Strategic Partnership to Build Cyber Capacity
ESA Chooses Leonardo for its Cyber-Security Operations Centre (C-SOC) which will Protect European Space Resources
ImmuniWeb and CERT.LV Join Efforts to Fight Cybercrime
Alstom and Cylus Roll-out Advanced Rail Cybersecurity Solution to Protect the Tel-Aviv Red Line Urbalis Signalling System
Bitdefender Named a Major Player in IDC MarketScape for Modern Endpoint Security, Small to Midsize Businesses
TitanHQ Ranked 33 in Deloitte Technology Fast 50 2021
Trustwave Managed Vendor Risk Assessment (MVRA) Launches Globally
Trustwave Achieves CREST Vulnerability Assessment Accreditation
Bitdefender Named a 2021 Gartner Peer Insights Customers’ Choice for Endpoint Protection Platforms in North America
Acronis Recognized as a Trail Blazer in Recent Radicati Group’s Market Quadrant Report on Endpoint Security
SonicWall Applauded by Frost & Sullivan for Delivering Superior and Reliable Cybersecurity Tools to Worldwide Organizations

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Limelon Advertising, Co.

Visit SkyRFID, LLC





 
  ©2022 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (usatoday.com)