[ISN] FBI wipes out online credit card ring

From: InfoSec News <alerts_at_private>
Date: Fri, 17 Oct 2008 01:28:41 -0500 (CDT)

By Iain Thomson in San Francisco
17 Oct 2008

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

The Dark Market forum was discovered by the agency and was found to be 
built for the buying and selling of stolen financial information 
including credit card data, login credentials (user names and 
passwords), as well as equipment used in carrying out certain financial 

In a two year operation, carried out in conjunction with the UK’s 
Serious Organised Crime Agency (SOCA), and other law enforcement 
agencies around the globe, has resulted in 56 arrests. However the 
agency thinks there may have been as many as 2,500 regualr forum 

FBI Cyber Division Assistant Director Shawn Henry said, “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 our efforts to target these criminals.”

“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 $70 million by shutting down the forum and that the investigation 
has spawned new leads and investigations that will also be followed up.

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Received on Thu Oct 16 2008 - 23:28:41 PDT

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