Blog | G5 Cyber Security

Liberty Reserve bust hits cybercriminals where it hurts

U.S. prosecutors shut down Liberty Reserve, one of cybercriminals’ favorite money-laundering organizations. The site, shuttered on Friday, laundered over $6 billion generated from criminal activity. Law enforcement is pursuing a strategy used in combating the narcotics trade. Experts advocate a holistic approach to battling cybercrime, which is more than just hacking computers and stealing data — it’s a business. The case involved 17 countries and is believed to be the largest international money laundering prosecution in history.”]

Source: https://www.csoonline.com/article/2133526/liberty-reserve-bust-hits-cybercriminals-where-it-hurts.html

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