WASHINGTON, D.C. (6/26/12) - Two dozen people around the world were arrested today as part of the largest coordinated international law enforcement action in history directed at “carding” crimes—offenses in which the Internet is used to traffic in and exploit the stolen credit card, bank account, and other personal identification information of victims.
The takedown was the result of a two-year undercover operation led by the FBI that revealed a network of cyber criminals engaged in activities such as buying and selling stolen identities, exploiting credit cards, and using counterfeit documents and sophisticated hacking tools.
In the course of the undercover operation, the FBI contacted multiple affected institutions and/or individuals to advise them of discovered breaches in order to enable them to take appropriate responsive and protective measures. In so doing, the FBI has prevented estimated potential economic losses of more than $205 million, notified credit card providers of over 411,000 compromised credit and debit cards, and notified 47 companies, government entities, and educational institutions of the breach of their networks.
Information provided by the Federal Bureau of Investigation
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