Media Coverage

One of the most intricate and sophisticated global cybercrime investigations ever completed led to the multinational takedown of the botnet used to feed the banking Trojan Gameover Zeus as well as servers for CryptoLocker ransomware, cyber-intelligence sources say. But what does the takedown mean for banking institutions in the long run?

The US Department of Justice and the FBI have announced a multinational effort that includes Europol and the UK’s National Crime Agency, that has managed to disrupt the GameOver Zeus botnet, believed to be responsible for a raft of financial compromises in the US and around the world.

An international public-private collaboration involving security companies and law enforcement agencies in 11 countries aims to disrupt the underlying infrastructure of the cybercrime industry.

Microsoft, the FBI, and some other companies across the world have recently managed to take down the central servers of the GameOver Zeus botnet, which has until now infected millions of computers with malware designed to steal bank details from affected PCs.

Tom Kellerman, chief cybersecurity officer at Trend Micro, and Gene West, an instructor at the FBI National Academy, discuss combating cyber crime with Trish Regan on Bloomberg Television's "Street Smart." (Source: Bloomberg)