QQAAZZ Group Charged for Helping Banking Trojan Operators Launder Money

mood · Oct 17, 2020

QQAAZZ Group Charged for Helping Banking Trojan Operators Launder Money
Law enforcement agencies in 16 countries worked together to dismantle a criminal network
October 16, 2020
https://www.securityweek.com/qqaazz-group-charged-helping-banking-trojan-operators-launder-money

The crime ring consisted of individuals from Latvia, Georgia, Bulgaria, Romania, and Belgium. As part of the investigation, authorities conducted 40 house searches in Latvia, Bulgaria, the United Kingdom, Spain and Italy, and arrested 20 people.

Dubbed “QQAAZZ,” the network is believed to have laundered tens of millions of dollars since 2016, stolen from both corporate and personal bank accounts all around the world. The group had three hierarchical levels: leaders, mid-level managers, and money mules (or couriers).
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QQAAZZ, which advertised cash-out and money laundering services on exclusive Russian-speaking cybercriminal forums, served some of the most prominent gangs, including those behind Dridex, TrickBot, GozNym, and others, authorities said.

“Cybercriminals are constantly exploring new possibilities to abuse technology and financial frameworks to victimise millions of users in a moment from anywhere in the world. Today’s operation shows how through a proper law enforcement international coordination we can turn the table on these criminals and bring them to justice,” said Edvardas Šileris, Head of Europol’s European Cybercrime Centre.
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Europol: 20 arrests in QQAAZZ multi-million money laundering case

QQAAZZ advertised its services as a “global, complicit bank drops service” on Russian-speaking online cybercriminal forums where cybercriminals gather to offer or seek specialised skills or services needed to engage in a variety of cybercriminal activities.
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QQAAZZ Group Charged for Helping Banking Trojan Operators Launder Money

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QQAAZZ Group Charged for Helping Banking Trojan Operators Launder Money

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