Authorities have arrested a Chinese national named Yunhe Wang for allegedly running what could be the world's largest cybercrime botnet. Wang is alleged to have controlled over 19 million infected computers in nearly 200 countries through his botnet for nearly a decade, selling access to cyber criminals. Those cyber criminals used the botnet for identity theft, child exploitation, financial fraud, and pandemic relief fraud, causing nearly $6 billion in estimated losses. Wang is alleged to have made at least $99 million by reselling access to the botnet for criminal purposes.
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00:00 It's Benzinga and here's what's on the block.
00:02 Authorities have arrested a Chinese national named Yunei Wang for allegedly running what
00:06 could be the world's largest cybercrime botnet. Wang is alleged to have controlled over 19 million
00:11 infected computers in nearly 200 countries through his botnet for nearly a decade,
00:16 selling access to cybercriminals. Those cybercriminals used the botnet for identity theft,
00:21 child exploitation, financial fraud, and pandemic relief fraud, causing nearly $6 billion in
00:26 estimated losses. Wang is alleged to have made at least $99 million by reselling access to
00:31 the botnet for criminal purposes. For all things money visit Benzinga.com