FBI Undercover Operation Busts 'Carding' Ring - InformationWeek
IoT
IoT
Government // Cybersecurity
News
10/17/2008
01:34 PM
Connect Directly
Google+
LinkedIn
Twitter
RSS
E-Mail
50%
50%

FBI Undercover Operation Busts 'Carding' Ring

The agency said its operation against an online forum called Dark Market resulted in 56 arrests around the world and saved some $70 million in potential losses.

The FBI on Thursday said that it had concluded a two-year undercover operation targeting an online "carding" forum called Dark Market.

"Carding" forums trade stolen credit card information and other personal information; the term can also be used to refer to the process of verifying the validity of stolen credit card accounts by making discreet purchases.

Dark Market had over 2,500 registered members, according to the FBI, comprising a "virtual transnational criminal network. Over the past two years, the FBI has worked to infiltrate the network and identify its leading members. The agency said its operation resulted in 56 arrests around the world and saved some $70 million in potential losses.

"In today's world of rapidly expanding technology, where cybercrimes are perpetrated instantly from anywhere in the world, law enforcement needs to be flexible and creative in our efforts to target these criminals," FBI Cyber Division assistant director Shawn Henry said in a statement. "Leads in many of these investigations take us to the online world of Internet forums, where criminals go to engage in the business of selling and trading innocent person’s credit card numbers and other personal information. By joining forces with our international law enforcement counterparts, we have been, and will continue to be, successful in arresting those individuals and dismantling these forums."

Among the international law enforcement agencies assisting the FBI in its operation were the Computer Crime and Intellectual Property Section of the U.S. Department of Justice, the United Kingdom's Serious Organised Crime Agency, the Turkish National Police, and German federal and state police agencies.

Of the 206,884 complaints about Internet-related crimes received by the Internet Crime Complaint Center in 2007, more than 90,000, reflecting almost $240 million in reported losses, were referred to law enforcement agencies across the United States.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of the Cloud Report
As the use of public cloud becomes a given, IT leaders must navigate the transition and advocate for management tools or architectures that allow them to realize the benefits they seek. Download this report to explore the issues and how to best leverage the cloud moving forward.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of November 6, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll