US Authorities Arrested 24 Hackers in Online Financial Fraud Sting

US Authorities Arrested 24 Hackers in Online Financial Fraud Sting

New York City : NY : USA | Jun 27, 2012 at 5:44 AM PDT
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US Authorities Arrested 24 Hackers in Online Financial Fraud Sting

U.S. law enforcement announced on Tuesday, June 26 the arrest of 24 suspects in the case of an international network of hackers, fraud committed using the stolen data cards and bank details , Reported Reuters.

Two-years undercover operation, authorities in 13 countries arrested 11 suspects were detained in the U.S. and the rest - in other countries, including Britain and Japan who are accused of fraud involving computer crime.

“These guys represent the complete ecosystem of Internet fraud,” said one senior law enforcement official who requested anonymity because of the confidentiality of the investigation. “We drew them out of the shadows with the Web site as bait.” According to The New York Times

During the investigation, which lasted two years, FBI agents were introduced in the hacker network through online forums. They were able to prevent the theft of more than 205 million dollars with 411,000 debit and credit cards. Detainees were young people between 18 and 25 years. Some of them face up to 40 years or more in prison if convicted on conspiracy to commit wire fraud charges and access device fraud charges.

One of the detainees on behalf of the World Islam "Mir Islam" 18, years old His parents from Pakistan, who lives in the New York borough of the Bronx,, who used the Internet name "JoshTheGod", charged with selling 50,000 stolen credit card numbers

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US Authorities Arrested 24 Hackers in Online Financial Fraud Sting
US Authorities Arrested 24 Hackers in Online Financial Fraud Sting
Falconcrest is based in Cairo, Kairo, Egypt, and is a Reporter on Allvoices.
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