Since 2007, the FBI and authorities in Egypt have been running an investigation they’ve called “Operation Phish Phry,” sigh, and this week it paid off with 53 charges against U.S. defendants and 47 against people in Egypt. Three of the 53 in the U.S. have been arrested, and the FBI are looking for the other 50. To prove you’re not one of the remaining 50, please send the FBI your login credentials to your bank. Ha ha, we kid.
According to the FBI, the U.S.-Egypt phishing operation collected personal information from thousands of victims and used that information to defraud U.S. banks. Hackers based in Egypt allegedly captured banking information and other personal details, then supplied that information to associates in the U.S. who then withdrew funds using the stolen credentials and wired back a portion of the proceeds to Egypt.
Information Week notes that “all 53 defendants in the U.S. face charges of conspiracy to commit bank fraud and wire fraud, which carry a maximum sentence of 20 years in prison.”
“One Hundred Phishers Charged In Largest Cybercrime Case” [Information Week]