Facebook isn't only good for wasting time, building a record of one's unsuitableness as a hire and losing investors' money. It is a crime-fighting revolution.
The FBI announced late Tuesday that it had arrested 10 suspects in a cybercriminal conspiracy that infected 11 million computers with banking fraud software and led to $850 million in losses, according to the FBI’s math….
The Bureau gave significant credit to Facebook’s security team for helping to track down the botnet’s operators. “Facebook’s security team provided assistance to law enforcement throughout the investigation by helping to identify the root cause, the perpetrators, and those affected by the malware,” its press release reads.
The bad guys were behind what the Feds call the "Butterfly Botnet," a collection of some 11 million hijacked computers assembled using "Yaho" malware. The illicit network was designed to steal banking information.
Facebook Helps FBI Smash 11-Million-Machine 'Butterfly' Botnet [Forbes]
Facebook Helped in Internet Crime Rings Arrests, FBI Says [Bloomberg via BW]
FBI, International Law Enforcement Disrupt International Organized Crime Ring Related to Butterfly Botnet [FBI press release]