There was more good news for those tasked with fighting cyber crime this week as it emerged that an Arizona man pleaded guilty to charges relating to his role in a major pump-and-dump scam.
According to widespread reports, James Bragg, 41, could face up to five years in a US prison and a hefty fine of potentially £250,000 for masterminding the scam, spamming out promotional emails to countless recipients with the aim of artificially inflating stock prices.
Bragg is also accused of hiring others to use botnets in order to send out the spam, a method commonly used to try and avoid detection by traditional filters, as the source cannot so easily be traced back.
It's not the first time Bragg has been in trouble on the cyber crime front; in a separate case he was sentenced to 12 months in prison.
Although the news will be welcomed by law enforcers, these types of cases are still far too few and far between, and will remain so until law enforcement, industry and legislators co-operate to close loopholes in the law and create an environment where cyber crime is not tolerated.
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