FBI arrests 24 hackers in $205M credit card fraud scheme

The U.S. Federal Bureau of Investigation arrest 24 hackers today, in a string of cyber crime that could have cost victims $205 million.

According to Reuters, the FBI was able to find the hackers after creating a forum called Carders Profit in 2010. The website acted as a black market for selling personal data such as hot credit card credentials. The agency prevented the sale of over 411,000 credit and debit card numbers. Of the 24 hackers arrested, 11 were from the United States. All those arrested were male between the ages of 18 to 25.

One of the arrested hackers named Mir Islam, is said to be a part of a new cyber criminal group UGNazi. Islam, who is otherwise known as JoshTheGod, shows up on the UGNazi Twitter account as one of the more prominent contributors. The group recently claimed to have taken Twitter down last week. The social network, along with its content manager Tweetdeck, went down around 9 am Pacific time on June 21, and was quickly returned to life about an hour later. The company denied the hacking and blamed its downtime on, “a cascaded bug in one of our infrastructure components.”

Islam is accused of offering to sell over 50,000 stolen credit card numbers.

via Reuters

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