US Computer Emergency Readiness Team (US_CERT)
(see link in post)
Cyber criminals utilized Avalanche botnet infrastructure to host and distribute a variety of malware variants to victims, including the targeting of over 40 major financial institutions. Victims may have had their sensitive personal information stolen (e.g., user account credentials). Victims’ compromised systems may also have been used to conduct other malicious activity, such as launching denial-of-service (DoS) attacks or distributing malware variants to other victims’ computers.
In addition, Avalanche infrastructure was used to run money mule schemes where criminals recruited people to commit fraud involving transporting and laundering stolen money or merchandise.
Avalanche used fast-flux DNS, a technique to hide the criminal servers, behind a constantly changing network of compromised systems acting as proxies.