Tuesday, June 26, 2012

FBI Cybercrime Prick Snares 24

At smallest 24 people in 13 countries have been arrested in a US-led prick operation targeting unlawful trafficking of credit card information.

The swoop came after a two-year clandestine FBI scrutiny travelling 4 continents.

Operation Card Shop tracked the shopping and selling data by a fake, FBI-run online forum on such "carding" schemes.

Twelve of the arrests were in the United States, with 6 in the UK.

All of the held are group trimming in age from 18 to 25. Some face 40 years in jail if convicted on fraud-related charges.

One of the men, Mir Islam, well known online as "JoshTheGod", was charged with trafficking in 50,000 stolen credit card numbers.

In total, investigators told credit card providers of more than 400,000 compromised accounts.

US officials mentioned the operation prevented losses of $205m (131m) from withdraw and credit cards.

The prick focused around an online forum called Carder Profit, set up by the FBI in June 2010, where users could swap stolen account and card numbers.

Investigators identified purported cybercriminals in the US, Europe, Middle East and Australia.

US neighborhood profession Preet Bharara mentioned in a statetment : "Clever P.C. criminals working at the back the ostensible deceive of the internet are still theme to the long arm of the law."

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