Feds net 100 phishers in biggest cybercrime case ever

[Bugbatter]

US and Egyptian authorities have charged 100 people with conducting a phishing operation that siphoned at least $1.5m from thousands of accounts belonging to Bank of America and Well Fargo customers.
Complete Article:
http://www.theregister.co.uk/2009/10/08/100_phishers_netted/

[faith_michele]

F.B.I. Indicts Dozens in Online Bank Fraud

By Brad Stone, October 7, 2009

In what it is calling Operation Phish Phry, the F.B.I. began arresting 53 people on Wednesday on charges of conducting a vast financial fraud based on phishing — the act of tricking Internet users into revealing their passwords and other information.

The arrests were in Southern California, Nevada and North Carolina, while the authorities in Egypt sought to arrest 47 people whom the F.B.I. said were co-conspirators.

An 86-page indictment, filed in the United States District Court for the Central District of California in Los Angeles, accuses the defendants of tricking people into giving up their bank account information. The F.B.I. said that this was the largest number of defendants ever charged in a cybercrime case, and that they had stolen at least $2 million from 2007 to last month.

More.....

http://www.nytimes.com/2009/10/08/technology/internet/08phish.html