Gracey-McMinn told CNBC that the bots sold on Genesis were high quality and could fetch as much as $450 apiece. Lower-quality hacked data that is still on the market can go for as little as $4 or $5, Gracey-McMinn said.
But while the FBI and international law enforcement may have taken down Genesis, it's unclear whether they'll be able to detain Genesis' owners and administrators, who are likely located in Russia or a Russian-speaking region, according to Gracey-McMinn. But it's undeniably a "big blow to the ease of identity fraud," he said.
The FBI's Milwaukee field office referred comments to the Bureau's main press office, which did not immediately respond to CNBC's request for comment. In addition to the FBI, the effort involved law enforcement agencies from Australia, Canada, Germany, Poland, Sweden, and the European Union.
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Stock market outlook: Tech rally to fizzle as bear market isn't overTech stocks' blistering rally won't last and the bear market has 'unfinished business,' Morgan Stanley's top stock strategist says Why 'won't last'? Tech companies prepare to decouple from China. This will lead to stronger US and Europe tech partnership. What blistering rally? Blistering will come inflation is settling. Petroleum production is reduced as demand has reduced they say. Wonderful if they kept pumping of course, they argue its leveling.
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