US arrests man allegedly behind enormous botnet that enabled cyberattacks and fraud
Briefly

Thirty-five-year-old Chinese national YunHe Wang allegedly helped run an international botnet that deployed VPN programs to infect more than 19 million IP addresses around the world.
The scheme sold access 'to millions of malware-infected computers worldwide, enabling criminals over the world to steal billions of dollars, transmit bomb threats, and exchange child exploitation materials,' said Matthew S. Axelrod, Commerce Department Bureau of Industry and Security assistant secretary for export enforcement.
The scheme's $100 million in profits were allegedly then used to 'buy luxury cars, watches, and real estate.'
The DOJ alleges that an estimated 560,000 fraudulent insurance claims came from compromised IP addresses, for example, leading to more than $5.9 billion in fraudulent losses.
Read at The Verge
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