100 phishers charged in largest cybercrime case

Handcuffs After investigating 53 people in the United Status and 47 more people worldwide for 2 years, the FBI has charged them in a large phishing case in the U.S. and Egypt.  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.

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.  Some of the defendants also face additional charges that could lead to longer terms.