Two-year FBI undercover credit card operation results in 24 arrests

Shawn Knight

Posts: 14,457   +171
Staff member

The FBI has arrested two dozen people as part of the largest coordinated international cyber sting in history. The multi-million dollar operation spanned two years, eight countries and four continents, law enforcement officials said.

Operation Card Shop was started in 2010 as an online forum by the FBI for fraudsters to buy and sell stolen credit cards, driver’s licenses, counterfeit documents and bank information. The board also allowed members to discuss general hacking techniques and trade sophisticated hacking tools.

fbi credit card fraud cyber sting

Investigators were able to identify two dozen suspects during the investigation including Joshua Hicks from The Bronx, New York. Hicks allegedly joined the bogus site in October, registering the handle “OxideDox” with a Yahoo email address.

During a series of online chats, he told investigators that he had been in the hacking scene for a while and had stolen 800 credit cards from another website. He revealed to undercover agents that he wished to trade the information for a digital camera or an iPad. He also supposedly agreed to sell 15 dumps of stolen card information for $250 and a camera.

US officials arrested 11 people while local authorities in other parts of the world including Norway, Japan and Australia apprehended 13 other individuals, conducting more than 30 search warrant and as many subject interviews. The task force behind the operation says that hundreds of millions of dollars in losses have been prevented and hundreds of thousands of credit cards remain protected as a result.

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andy06shake

Posts: 506   +162
2 Years and a couple of million dollars later thay have 20 people??? WTF, way to do a great job! More like federal bureau of incompetence if you ask me! LoL LoL
 

andy06shake

Posts: 506   +162
I have read the last sentence, just sounds like they are tagging it on at the end so they dont look like complete fools, like we wasted 2 years and a couple of million but dont worry coz we protected your cards. daft fools in my opinion.
 
G

Guest

If one guy had 800 credit card numbers, assuming the rest have about that many as well, we're looking at about 19,200 credit card numbers. If they take $20 from every credit card that's $384,000. Therefor, I don't believe this: "The task force behind the operation says that hundreds of millions of dollars in losses have been prevented and hundreds of thousands of credit cards remain protected as a result."
 

MilwaukeeMike

Posts: 3,216   +1,469
lol, you guys sure love ripping the govt. Largest cyber sting in history, but not big enough for you, huh Andy? Do you know how little a few million is to the Fed govt? This was probably the best money they spent all year.
 

andy06shake

Posts: 506   +162
"Do you know how little a few million is to the Fed govt?"

I know how large a sum a few million is to the tax payers. If thats the best they can do then they better try a lot harder next year and hey they might get 40 people next time for only 4 million of your fedral tax dollars, LoL. Goverments, and most assuredly the US Gov is/are an illusion im afraid. You/we/me all live in a totalitarian technocracy, have done for sometime now!
 

stewi0001

Posts: 2,794   +2,587
At least this is productive (to those who are complaining). I rather see them after these people than online pirates