Thursday, June 6, 2013

$200 Million Cybercrime Forum Disabled - $200 Million Cybercrime Forum Disabled - 05 June 2013

Eleven people connected with the forum have been arrested in Vietnam and the UK.

The UK's Serious Organized Crime Agency (SOCA) recently announced that, a leading cybercrime forum has been disabled by an operation led by the Vietnamese High-Tech Crime Unit (HTCU), the Criminal Investigation Dvision (CID) of the Ministry of Public Security of Vietnam (MPSVN), SOCA, the UK's Metropolitan Police Central e-Crime Unit (PCeU), and the FBI.

According to SOCA, CID and HTCU officers have also arrested eight members of the group behind the site in Vietnam, and three forum users were arrested in the UK.

SOCA reports that the site, which had about 16,000 members, had facilitated more than $200 million worth of credit card fraud worldwide through the hacking of commercial entities and the harvesting and sale of more than 1.1 million credit card numbers.

"One of the world's major facilitation networks for online card fraud has been dismantled by this operation, and those engaged in this type of crime should know that that they are neither anonymous, nor beyond the reach of law enforcement agencies," Andy Archibald, interim deputy director of SOCA's National Cyber Crime Unit, said in a statement. "We and our partners, in the UK and abroad, continue to protect the public and legitimate businesses by targeting websites trading in stolen card data, and relentlessly pursuing those who operate and frequent them."

By Jeff Goldman

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