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Authorities Arrest Two Dozen for Computer Crimes

FINANCIAL PRIVACY

June 27, 2012

The New York Times reports that authorities in 13 countries have arrested two dozen people accused of committing fraud involving computer crime. "Operation Card Shop" was a two-year effort, authorities said, and prevented potential losses of more than $200 million by notifying credit card providers of more than 400,000 compromised credit and debit cards. Janice Fedarcyk, assistant director of the U.S. Federal Bureau of Investigation, said the arrests would cause "significant disruption to the underground economy." Arrests took place in countries such as the U.S., UK, Bosnia, Bulgaria, Norway and Germany. (Registration may be required to access this story.)
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