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Ransomware cybercrime ring dismantled in Europe

A cybercrime ring that infected millions of computers with ransonmware to extort possibly millions of dollars from people in 30 nations has been broken up, the European police agency said today.

Masquerading as police agencies, the suspects paralyzed computers with a virus and told their owners that illegal online activity had been detected and that a fine would have to be paid to unlock their computers, Europol announced in Madrid.

Investigators said they had identified up to 48 variants of the virus, which typically installs itself by tricking users into downloading a malicious executable filed via a socially engineered message. … Read more

Huge global pedophile ring busted, officials say

Police have arrested 184 people accused of participating in what authorities are calling the largest global pedophile network ever uncovered--and more arrests are expected, Europol said today.

Authorities infiltrated an Internet child pornography forum that was the center of the network and had as many as 70,000 members at one time, Europol said in a statement. About 670 suspects and 230 children have been identified in the investigation, officials said, adding that the children have been "safeguarded."

The Web site, which has been taken down, was traced to a server in Holland in 2009. Europol got a … Read more

Europe to get cybercrime alert system

Europe is getting a cybercrime alert system as part of a European Union drive to fight online criminals.

According to plans, European law enforcement body Europol will receive 300,000 euros ($386,430) to build an alert system that pools reports of cybercrime, such as online identification and financial theft, from across the 27 member states.

Police will launch more remote searches of suspects' hard drives over the Internet, as well as cyberpatrols to spot and track illegal activity, under the strategy adopted by the European Union's council of ministers Thursday.

The strategy, a blueprint for fighting cybercrime in … Read more