Major cybercrime network Avalanche dismantled in global takedown

Law enforcement agencies have dismantled a major cybercriminal network responsible for malware-based attacks that have been harassing victims across the globe for years.

The network, called Avalanche, operated as many as 500,000 infected computers on a daily basis and was responsible for delivering malware through phishing email attacks. Avalanche has been active since at least 2009, but on Thursday, authorities in the U.S. and Europe announced they had arrested five suspects allegedly involved with it.

Avalanche has been found distributing more 20 different malware families including GozNym, a banking Trojan designed to steal user credentials, and Teslacrypt, a notorious ransomware. Europol estimated the network has caused hundreds of millions of dollars in damages across the world.

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