New Cold-War?: FBI, Microsoft team up against global cyber-crime ring

Cyber espionage and cyber-attacks are the new form of waging sophisticated wars; hacking and stealing vital official secrets and documents and using it against targets in countries.

Kaspersky Lab recently uncovered a cyber espionage ring linked to China. The United States has been doing all within it capabilities to stem the tide with the latest being the partnership of Microsoft and FBI on cyber-crime.

Microsoft Corp. and the FBI, in cooperation with officials from more than 80 countries, have launched a major operation against one of the world's most powerful cyber-crime rings, believed to have stolen more than $500 million from bank accounts over the past 18 months.

Microsoft said its Digital Crimes Unit on Wednesday successfully took down about 1,000 of an estimated 1,400 infected computer networks known as Citadel Botnets, which infected as many as 5 million PCs around the world and, according to Microsoft, were being used to steal from dozens of financial institutions.

The FBI told Reuters it is working closely with Europol and other overseas authorities in an effort to capture the unknown criminals. The FBI has obtained search warrants as part of what it called a "fairly advanced" criminal investigation.