FBI Nets 100 People In Phishing Ring

Largest cybercrime case yet

Get the WebProNews Newsletter:

[ Business]

The FBI has charged nearly 100 people in the U.S. and Egypt as part of "Operation Phish Phry," one of the largest cyber fraud phishing investigations ever.

The people charged in Operation Phish Phry targeted U.S. banks and victimized hundreds of account holders by stealing their financial information and using it to transfer around $1.5 million to bogus accounts they controlled.

More than 50 people in California, Nevada, and North Carolina, nearly 50 Egyptian people have been charged with crimes including computer fraud, conspiracy to commit bank fraud, money laundering and aggravated identity theft.

Robert Mueller, FBI Director
Robert Mueller, FBI Director

"The FBI is both a law enforcement and national security agency, which means we can and must address every angle of a cyber case," said Robert Mueller, FBI Director.

"This is critical, because what may start as a criminal investigation may lead to a national security threat. At the start of a cyber investigation, we do not know whether we are dealing with a spy, a company insider, or an organized criminal group."

Mueller described the current environment as a "cyber arms race," where law enforcement and criminals compete to stay one step ahead of each other.

In the case of Operation Phish Phry, money appears to be the driving motive, which on the surface seems obvious. But Mueller pointed out," Something that looks like an ordinary phishing scam may be an attempt by a terrorist group to raise funding for an operation."

"Cyber crime might not seem real until it hits you," Mueller said. "But every personal, academic, corporate, and government network plays a role in national security."

FBI Nets 100 People In Phishing Ring
Top Rated White Papers and Resources
  • http://www.acomputerportal.com/ppsc/index.html PayPal Support Club

    FBI eBay+PayPal this is where they should be looking.

    I keep reporting Phishing Scam emails but feel all they do is post an automatic responce back and then go for a cup of tea>>>.

    PayPal Support Club. Review and helpful links, coding examples, warnings, other shopping cart links, etc. PayPal is a on-link banking system that allows website owners to integrate shopping cart technology into their site. Find out more, includes links to helpful site about PayPal shopping cart technology.

  • ozgood1x

    Yes, the day I stopped all business with Ebay and PayPal, most of the Scam Phishing Emails Ceased.
    The Scammers are INSIDE Ebay and PayPal. The Mailings coincided with Private Events ONLY KNOWN TO Ebay, PayPal and myself.
    Yes, BELIEVE IT.
    Lock it Up.

  • Join for Access to Our Exclusive Web Tools
  • Sidebar Top
  • Sidebar Middle
  • Sign Up For The Free Newsletter
  • Sidebar Bottom