Authored by Alex Kimani via SafeHaven.com,

When you hear of state-sponsored cybercrime, you probably conjure up images of cybercriminals linked with the Russian government outwitting sophisticated infosec systems and stealing mountains of state data.

Well, that’s pretty representative of your average state-sponsored hack, only that the latest and biggest hacking ring to be busted (sort of) is run by regular Ukrainian guys and employs sophisticated state-sponsored techniques, primarily targeting American businesses and companies.

Biggest Hacking Organization

Meet the Fin7 hacking Group, the most costly cybercrime ring in town. The group has earned its stripes as one of the most sophisticated and aggressive hacking organizations in the world, alleged to have leeched a billion dollars from companies in America and around the world.

Fin 7, aka Carbanak Group, has stolen more than 15,000 credit card data-sets from at least 3,600 businesses around the world in its years-long operation. The DoJ has already indicted three Ukrainian nationals…

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