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Tag: internet fraud

Credit Card Sting Nets Arrest of 24

Steve Neavling
ticklethewire.com 

Two dozen people were arrested in 13 countries following a two-year FBI sting designed to catch credit card thieves, the New York Times reports.

The FBI created a website that appeared to contain credit card numbers and software to spy on computers so authorities could capture hackers, according to the Times.

“These guys represent the complete ecosystem of Internet fraud,” said one senior law enforcement official who requested anonymity because of the confidentiality of the investigation. “We drew them out of the shadows with the Web site as bait.”

The idea was to crack down on the increasing number of hackers who are obtaining credit card numbers and often selling them overseas.

Cyber Ring that Infected Millions Taken Down

By Danny Fenster
ticklethewire.com

Six Estonians operated a vast internet fraud that infected approximately 4 million computers in more than a hundred countries–500,000 of which were in the US–according to a federal indictment unsealed in New York Wednesday. Their arrests in Estonia on Tuesday were the culmination of a two-year FBI probe named Operation Ghost Click.

The cyber ring, beginning in 2007, used what is called a DNSChange to interfere with unsuspecting people’s web browsing.

DNS, which stands for Domain-Name-System, is the system by which website names and urls are converted into numbers, allowing computers to communicate over a network. The DNSChanger was able to manipulate Internet advertising by redirecting user’s browsers not to the sites they intended to go to, but related sites controlled by the group. They generated $14 million in illicit fees from the scheme, and deprived legitimate businesses and advertisers of potential revenue.

The DNSChanger disabled the anti-virus software of some victim’s computers, exposing them to further viruses.

“They were organized and operating as a traditional business but profiting illegally as the result of the malware,” said one cyber agents that worked the case. “There was a level of complexity here that we haven’t seen before.”

The six Estonians were arrested in their homeland by local authorities on Tuesday, and the U.S. will seek extradition.