Thais arrest alleged Russian cybercrime market operator

BANGKOK – Police in Thailand say they have arrested a Russian national accused by U.S. authorities of running an online cybercrime marketplace where everything from stolen credit card information to hardware for compromising ATM machines could be purchased.

Police said Friday that Sergey Medvedev was arrested at his Bangkok apartment on Feb. 2 at the request of U.S. authorities.

The U.S. Justice Department on Wednesday announced indictments against 36 people accused of being active in the Infraud Organization — founded in 2010 and operated under the slogan "In Fraud We Trust" — which was an anonymous online forum with nearly 11,000 members who traded more than 4.3 million credit cards, debit cards and bank accounts worldwide, leading to losses of more than $530 million for legitimate users and businesses.