00:00 It's Benzinga and here's what's on the block.
00:02 Authorities have arrested a Chinese national named Yunei Wang for allegedly running what
00:06 could be the world's largest cybercrime botnet. Wang is alleged to have controlled over 19 million
00:11 infected computers in nearly 200 countries through his botnet for nearly a decade,
00:16 selling access to cybercriminals. Those cybercriminals used the botnet for identity theft,
00:21 child exploitation, financial fraud, and pandemic relief fraud, causing nearly $6 billion in
00:26 estimated losses. Wang is alleged to have made at least $99 million by reselling access to
00:31 the botnet for criminal purposes. For all things money visit Benzinga.com
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