- Associated Press - Monday, December 12, 2016

PITTSBURGH (AP) - Federal prosecutors in western Pennsylvania say a Bulgarian man has been arrested in an alleged scheme involving sophisticated malware designed to steal banking credentials and other confidential information from infected computers.

The U.S. Attorney’s Office alleges that 44-year-old Krasimir Nikolov of Varna, Bulgaria, gained access to victims’ online bank accounts and transferred funds or tried to do so.

Prosecutors said the malware operation was part of the Avalanche network, which authorities say had operated since at least 2010 and infected at least 500,000 computers worldwide.

The six-count Oct. 4 indictment unsealed Monday accuses Nikolov of criminal conspiracy, unauthorized access of a computer to obtain financial information and bank fraud. Prosecutors said he is expected to be represented by federal public defenders, who didn’t immediately return a message seeking comment Monday.

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