U.S. Indicts 100 Persons in Computer Hacking and Bank Fraud Ring Based in U.S. and Egypt

On October 7, 2009, U.S. enforcement authorities announced that a federal grand jury indictment in Los Angeles charged the largest number of defendants ever in a cyber crime case after a two year investigation conducted in the United States and Egypt that uncovered a sophisticated “phishing” operation that fraudulently obtained personal information from thousands of victims used to defraud U.S. banks...(more)