An analysis of Microsoft's takedown of a cyber fraud ring that stole hundreds of millions of dollars from bank accounts brings to light the growing sophistication of malware and keylogger makers, who mostly manage to stay a step ahead of antivirus software designers and corporate security officers.

The dismantling, which the software giant announced last month, took out roughly 1,000 of about 1,460 connected computers that were allegedly used to drain more than $500 million from accounts at financial institutions over the past 18 months, according to the company.

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