phishingNearly 100 people were charged with aiding a national identity theft ring that attacked thousands of bank accounts and stole millions of dollars.

An indictment released Wednesday charged 50 people in Los Angeles with running the “phishing” program in conjunction with another 47 people that were arrested in Egypt. The phishing scam works like most, where Egyptian hackers would direct people to fake bank sites and get them to enter sensitive financial information. The FBI says it’s the largest number of defendants ever charged in a cyber crime case.

The identity theft has supposedly affected thousands of accounts and drained millions of dollars. This mass arrest across country lines has proven that governments worldwide are being more diligent when it comes to cyber crimes and computer safety.

(Via Associated Press)


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