he FBI has shut down two international cyber crime operations focused on the distribution of scareware applications and responsible for over losses of over $74 million.
Under the name "Operation Trident Tribunal," the FBI, assisted by law enforcement agencies from Ukraine, Latvia, Germany, Netherlands, Cyprus, France, Lithuania, Romania, Canada, Sweden, the United Kingdom, have seized 40 computers, servers, and bank accounts belonging to the gangs responsible.
One ring targeted by this law enforcement action is thought to have tricked 960,000 victims into buing licenses for fake antivirus programs at a price of up to $129.
The gang used various methods to trick users into downloading and installing the rogue applications, including displaying fake security alerts and malware scans on web pages. The damages are estimated at $72.
In addition, two Latvian nationals were indicted in Minneapolis for setting up a phony advertising agency and buying advertising space on legitimate websites for malicious purposes.
More details -
link