U.S. law enforcement officials on Tuesday said 24 suspected hackers had been arrested on four continents in a sting operation targeting online financial fraud involving stolen credit card and bank information. . The two-year investigation, in which FBI agents posed as hackers on Internet forums, prevented more than $205 million in losses on more than 411,000 compromised consumer credit and debit cards, U.S. authorities in New York said. Eleven people were arrested in the United States, the FBI and the Manhattan U.S. Attorney's Office said. The 13 others were arrested in countries spanning from Britain to Japan, the authorities said. The link for this article located at MSNBC is no longer available. . A coordinated effort by federal agents intercepted potential losses exceeding $250 million, leading to the apprehension of 30 alleged cybercriminals worldwide.. Financial Fraud, Cybercrime, Hacking Sting, Law Enforcement, International Arrests. . Dave Wreski
To victims, the data can mean everything. After a full-blown identity theft, many will spend months clearing up financial demerits from overdrawn credit cards and bad car loans, and spend years checking their credit reports. To Cummings, the data was worth . . . . To victims, the data can mean everything. After a full-blown identity theft, many will spend months clearing up financial demerits from overdrawn credit cards and bad car loans, and spend years checking their credit reports. To Cummings, the data was worth $30 per victim, authorities said. During a three-year crime spree, Cummings was allegedly the point man in a scheme that saw victims' personal financial information stolen and sold to a ring of about 20 Nigerian nationals in the New York City area. Until the group got greedy earlier this year, and stole 15,000 credit reports while impersonating the Ford Motor Company, no one noticed. "With a few keystrokes, these men essentially picked the pockets of tens of thousands of Americans and, in the process, took their identities, stole their money and swiped their security," Manhattan U.S. Attorney James Comey said at a press conference Monday. The link for this article located at msnbc is no longer available. . To victims, the data can mean everything. After a full-blown identity theft, many will spend months . victims, everything, full-blown, identity, theft, spend, months. . LinuxSecurity.com Team
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