May 28, 2024 at 03:08PM
The U.S. Treasury Department sanctioned a cybercrime network involving Chinese nationals and Thai companies linked to the “911 S5” botnet, which compromised 19 million IP addresses. The botnet facilitated cybercrimes, including fraudulent applications and bomb threats. Sanctions were imposed on individuals and entities involved, prohibiting transactions with U.S. interests and properties. Additionally, cybersecurity firm Mandiant warned of Chinese state hackers using vast proxy server networks for cyberespionage.
Key takeaways from the meeting notes:
– The U.S. Treasury Department has sanctioned a cybercrime network involving Chinese nationals and Thailand-based companies linked to a botnet called “911 S5,” which compromised over 19 million IP addresses. This botnet was used for cybercrimes such as fraudulent applications related to the Coronavirus Aid, Relief, and Economic Security Act, resulting in significant financial losses.
– OFAC has sanctioned individuals and entities involved in the operation of the 911 S5 botnet, including the service administrator, money launderer, and power of attorney, as well as three companies controlled by the service administrator.
– As a result of the sanctions, all transactions involving U.S. interests and properties of designated individuals and entities are prohibited, and dealings with them can lead to further sanctions or enforcement actions.
– Mandiant, a cybersecurity firm, has warned about Chinese state hackers using vast proxy server networks to evade detection during cyberespionage campaigns.
These points summarize the meeting notes regarding the sanctions and the use of proxy servers in cybercrimes.