scareware Woman behind scareware fined $163 million in US

A woman who operated a scareware operation affecting over a million computers has been fined $163 million by the Federal Trade Commission in the United States.

A woman who operated a scareware operation affecting over a million computers has been fined $163 million by the Federal Trade Commission in the United States.

 
Kristy Ross ran a scam that used popup ads to tell unfortunate web visitors that their computers were infected. A fake scan listed a slew of viruses and malware, prompting users to pay between $40 and $60 to download fake anti-virus software to remove them.
 
The technique was described by the FTC as “elaborate and technologically sophisticated.” Scareware gets its name from its fear-based tactics, and it still exists today, but with most web browsers blocking popup ads, it is harder for cybercriminals to share their scams.
 
scareware Woman behind scareware fined $163 million in US
An example of scareware
 
The scareware included WinAntiVirus, WinAntiSpyware, Winfixer, DriveCleaner, FreeRepair, and System Doctor.
 
Ross worked with Innovative Marketing and ByteHosting Internet Services in the Ukraine to target and exploit internet users. The FTC has been investigating the firms since 2008. Previous employees of these companies have also been fined, including Marc D'Souza and Maurice D'Souza, who had to pay $8.2 million. Some others like Sam Jain and Daniel Sundin are still being hunted by the FBI, with a $20,000 reward for information leading to their arrest.
 
Source: BBC