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Wednesday, July 4, 2012

FBI Caught 24 Hackers across 4 Continents

The authorities of the United States have arrested two dozen suspected hackers in four continents accused of stealing credit cards and bank data, and fraud. Overall, the FBI spent 2 years to catch the suspects, who posed as hackers on online forums and saw other users swapping methods for breaching information security walls and using fake credit cards.

According to the FBI, the probe stopped $205 million in possible losses on more than 410,000 compromised credit and debit cards. Media reports that 11 people were arrested in the US, and 13 in other countries.

Manhattan US Attorney, the one who was clearly channeling the Lone Ranger, explained that the hackers operating behind the supposed veil of the worldwide web were still subject to the long arm of the law.

The authorities not just monitored the criminals’ activities, but also contacted many people and institutions who became victims of the hackers. The FBI explained them how to repair their security breaches and protect themselves further.

All 24 hackers turned out to be men aged 18 to 25, and some of them face up to 40 years in prison if the court rules they are liable of conspiracy to commit wire fraud and access device fraud. The criminals were members of a forum “Carder Profit”, which represented an Internet market for registered users where they exchanged stolen account numbers. The market was closed down in May.

One of the suspects’ name is Mir Islam, known online under nickname “JoshTheGod”. 18-year-old Islam had admitted to helping creating hacker outfit called UgNazi. The latter said it had carried out a cyber attack against Twitter a week ago, as the FBI says. The hacker was released on a $50,000 bond. Another suspect, Joshua Hicks, 19, nicknamed “OxideDox”, was charged with one count of access device fraud. 

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