Biggest ID Theft Bust in History
October 11, 2011
Total Loss:
$13 Million
The biggest ID theft bust in history is the result of equally impressive international cooperation, observers say.
On Oct. 7, the District Attorney of Queens County, N.Y., and City of New York Police announced the results of a two-year investigation that resulted in the biggest identity theft takedown in U.S. history.
The elaborate scheme, which involved five organized crime rings with ties to Europe, Asia, Africa and the Middle East, resulted in financial losses exceeding $13 million over a 16-month period.
So far, 111 individuals have been indicted, and authorities say 86 are now in custody.
Source:
Bank Info Security
Posted in:
Collusive Networks
Account Takeover Identity Theft