Earlier this week, authorities reported charging 13 individuals suspected to be involved with cyber-crime website known as The Infraud Organization.

The dark web service deals with stolen financial credentials used for fraud and identity theft. The arrested suspects came from the US, France, Pakistan, Canada, Russia, Egypt, Italy, Macedonia, and Italy. According to acting assistant attorney general John Cronan of the Justice Department’s Criminal Division, the Infraud has already cost consumers, businesses, and financial institutions $530 million in losses.

The site is also reported to have been engaged in trading of malware, stolen personal information and property, and maintaining a forum where the discussion of illegal activities take place.

Source: BBC

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