http://www.informationweek.com/news/security/attacks/232300772 By Mathew J. Schwartz InformationWeek December 19, 2011 Federal authorities Friday announced the indictment of 55 people for participating in a cyber crime fraud ring that relied on insiders to steal hundreds of people's personal details from a bank and a car dealer, among other organizations. The stolen information was then used to defraud both the victims, as well as the organizations at which the insiders worked. "These insiders used their positions to gain access to client data, and then sold that data to make money for themselves and their accomplices," said Manhattan District Attorney Cyrus R. Vance, Jr., in a statement. All told, the various defendants--charged in five separate indictments--stole information relating to 200 people or organizations, and in many cases used the stolen information more than once. Authorities have accused the defendants of stealing more than $2 million just from financial institutions, including American Express, Chase Bank, Citibank, Discover, and TD Bank. The charges relates to crimes allegedly committed between May 2010 and September 2011. Authorities said the arrests were part of an 18-month investigation, which remains ongoing. During the course of that investigation, the New York Police Department's Financial Crimes Task Force, the Manhattan District Attorney's Office, as well as investigators from other agencies, including the U.S. Postal Service, employed "court-ordered eavesdropping, physical surveillance, computer forensics, and extensive analysis of credit card, banking, and phone records" to trace the crimes back to the accused. [...] _____________________________________________________ Subscribe to InfoSec News - www.infosecnews.org http://www.infosecnews.org/mailman/listinfo/isnReceived on Mon Dec 19 2011 - 23:35:36 PST
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