Dozens of people in four continents have been arrested in an elaborate sting targeting a black market for online financial fraud, federal officials in New York said Tuesday.
The crackdown in United States, Europe, Asia and Australia capped a two-year FBI investigation of hackers who steal credit card, bank and other financial information on the Internet — a practice known as "carding."
The arrests "cause significant disruption to the underground economy and are a stark reminder that masked IP addresses and private forums are no sanctuary for criminals and are not beyond the reach of the FBI," Janice Fedarcyk, head of the FBI's New York office, said in a statement.
According to a criminal complaint unsealed Tuesday in federal court in Manhattan, the suspects bought and sold hacking programs and stolen information via secure websites.
In June 2010, undercover investigators set up their own Web forum "as an online meeting place where the FBI could locate cybercriminals, investigate and identify them and disrupt their activities."
The complaint charges one alleged hacker using the name "OxideDox" with fraud. Undercover agents bought stolen data about 15 American Express , MasterCard and Discover accounts from the defendant, the complaint said.Page 1 of 2 | Next Page