Security News > 2020 > June > Russian Pleads Guilty for Role in Cybercrime Organization
2020-06-29 17:33
A Russian national pleaded guilty last week for his role in an international cyber theft ring that caused losses of more than $568 million.
The man, Sergey Medvedev, also known as "Stells," "Segmed" and "Serjbear," 33, admitted to engaging in criminal activities as part of the Infraud Organization, an international cybercrime gang that operated between October 2010 and February 2018.
In 2017, the organization had 10,901 registered members.
Infraud directed purchasers to the sites of members, where stolen financial and personal information was put up for sale, alongside malware and more.
Thirteen members of the cybercrime ring were arrested, in the U.S., the U.K., Australia, France, Italy, Kosovo, and Serbia.