British national Kai West, operating under the alias IntelBroker, is facing charges in the US for selling stolen data, resulting in over $25 million in damages.
Cybercrime Indictment
The US Southern District of New York's attorney's office announced the indictment of Kai West, who allegedly operated on cybercrime forums under the alias IntelBroker. The damages from his actions are estimated to exceed $25 million.
Methods of Operation and Arrest
West reportedly conspired with an online group to steal data from multiple companies, including a telecommunications firm and a healthcare provider. According to the complaint, an undercover agent purchased data for $250 in Bitcoin, leading to his arrest in France, and the US is seeking his extradition.
Ongoing Data Breaches
These developments come amid recent data breaches impacting over 16 billion credentials from major online service providers. Reports have also emerged regarding a Coinbase data leak attributed to an outsourcing firm employee's actions.
The case against Kai West highlights the ongoing fight by law enforcement against cybercrime and the vital need for data protection in the digital age.
