From: Henry Brown (hbrownknology.net)
Date: Fri Oct 17 2008 - 14:34:36 CDT

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http://www.vnunet.com/vnunet/news/2228489/fbi-wipes-online-credit-card
FBI smashes online credit card ring
Two-year operation ends in 56 arrests worldwide

[...]

The FBI has concluded a two-year investigation into an online market for
stolen credit card data behind millions of dollars worth of fraud.

The Dark Market forum was buying and selling stolen financial
information, including credit card data, log-in credentials (user names
and passwords), as well as equipment used in carrying out certain
financial crimes.

The FBI operation, carried out in conjunction with the UK's Serious
Organised Crime Agency and other law enforcement agencies around the
globe, has resulted in 56 arrests.

However, the FBI believes that there may have been as many as 2,500
regular forum members.

"In today's world of rapidly expanding technology where cyber-crimes are
perpetrated instantly from anywhere in the world, law enforcement needs
to be flexible and creative in its efforts to target these criminals,"
said FBI cyber division assistant director Shawn Henry.

"By joining forces with our international law enforcement counterparts
we have been, and will continue to be, successful in arresting those
individuals and dismantling these forums."

The FBI estimates that it has protected bank accounts and credit lines
worth $70m by shutting down the forum, and said that the investigation
has spawned new leads and investigations that will also be followed up.

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