Tuesday, January 17, 2012

Facebook names $2m 'Koobface' hacking gang

Facebook has publicly identified a gang of five alleged cyber criminals it believes are behind Koobface, a piece of malicious software that has hijacked hundreds of thousands of Facebook users’ computers and made millions for its creators.

After an investigation by Facebook and several independent security researchers, the gang behind Koobface have been named as a group of Russians operating relatively openly in central St Petersburg.
According to their own social networking profiles, the five men have enjoyed a luxurious lifestyle. On one group holiday, they visited Spain, Nice and Monte Carlo, before ending the trip at a casino in Germany, according to Sophos, a British security firm involved in the investigation.
Facebook said it has known the identities of the gang for some time, but has decided to name them publicly after being frustrated by the lack of law enforcement action against them. The Telegraph has chosen not to name them for legal reasons.
“We’ve had a picture of one of the guys in a scuba mask on our wall since 2008,” said Ryan McGeehan, manager of investigations at Facebook.

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