Russians Shut Down Huge Card Fraud Ring
Summary: Russian federal investigators charged at least 25 people accused of running an international credit card theft ring tied to some 90 websites that sold stolen card data, according to an FSB statement. The raids, first leaked on a cybersecurity blogger's LiveJournal, reportedly included Alexey Stroganov ("Flint" and "Flint24"), a long-standing underground forum member since at least 2001 who was previously sentenced to six years in 2006 and released after two.
Bottom line: A U.S. law enforcement source described Flint as a wholesaler of card data stolen in major Western retailer breaches who moved hundreds of millions of dollars through BTC-e, and said his crew had a role in many of the big breaches over the last decade - a reminder that one arrested kingpin can sit behind a decade of losses on your books.
Read the original at Krebs on Security ↗
- Topics
- Data Breaches
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