Global financial cybercrime sting yields 24 arrests

[security curmudgeon <jericho () attrition org>]

http://money.cnn.com/2012/06/26/technology/cybercrime-arrests/index.htm?iid=HP_LN

Global financial cybercrime sting yields 24 arrests
By James O'Toole @CNNMoneyTech June 26, 2012: 6:06 PM ET

NEW YORK (CNNMoney) -- Two dozen people have been arrested in the U.S. and 
around the world in a coordinated crackdown on financial cybercrime, 
officials said Tuesday.

The suspects, collared after a two-year investigation dubbed "Operation 
Card Shop," allegedly stole credit card and banking data and exchanged it 
with each other online.

[..]

Over the course of the operation, the FBI notified credit card providers 
about more than 411,000 compromised credit and debit cards. The U.S. has 
an estimated 1 billion payment cards in circulation.

The FBI claims to have prevented an "estimated" $205 million in losses, 
though that theoretical number is almost impossible to link back to 
real-world losses.

Agents also tipped off 47 companies, schools and government offices whose 
networks were breached, the U.S. Attorney's office said.
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