Online ring for trading in stolen credit card data busted

June 06, 2013

Law enforcement agencies in the U.S., Vietnam and the U.K. have disbanded a ring that allegedly sold online credit card details since 2007. The ring, which sold the credit card information through two websites, is said to have caused over $200 million in fraudulent charges on credit cards issued in the U.S. and Europe. Charges have been brought in a federal court in New Jersey against Duy Hai Truong, 23, of Ho Chi Minh City in Vietnam. Truong, who was arrested on May 29 in Vietnam, is suspected to be one of the ring leaders. Law enforcement officials in the U.K. have arrested three men in London, while another eight persons including Truong were arrested in Vietnam. The conspiracy, based in Vietnam, obtained personal identifying information provided to retailers who sold goods and services online and received online credit card payments, according to a statement Wednesday by the office of the U.S. attorney for the district of New Jersey. To read this article in full or to leave a comment, please click here

Link: http://www.pcworld.com/article/2040884/online-ring-for-trading-in-stolen-credit-card-data-busted.html#tk.rss_all