FIN9 Cybercrime Crew Busted: $71 Million Heist Leaves Companies Reeling
Four Vietnamese nationals tied to FIN9 have been indicted for cybercrimes causing $71 million in U.S. losses. The FIN9 defendants allegedly used phishing, supply chain attacks, and malware to steal data and funds from 2018 to 2021. If convicted, they face decades in prison for charges including fraud, identity theft, and money laundering.
Hot Take:
Who knew the Vietnamese could give “phishing” a whole new meaning? Looks like they reeled in quite the haul, but the DOJ just threw them back in the slammer! Talk about getting caught in your own net!
Key Points:
- Four Vietnamese nationals from cybercrime group FIN9 indicted for $71 million in losses to U.S. companies.
- Defendants used phishing, supply chain attacks, and malware to steal data and funds.
- FIN9 monetized stolen data through P2P networks and social media, exchanging it for Bitcoin and other cryptocurrencies.
- The indictment includes six severe charges with potential cumulative sentences spanning several decades in prison.
- Defendants face forfeiture of illegally obtained property, with equivalent asset seizure if necessary.
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