US busts $530 million Infraud cybercrime ring

Engadget ---------- The US just took down one of the larger online crime organizations in recent memory -- certainly one of the largest prosecuted by the feds. Department of Justice officials have filed charges against 36 people allegedly involved with Infraud Organization (no really, that's the name), a global cybercrime ring with roots in the US as well as numerous other countries. Combined, the group is believed to have trafficked in stolen financial data (including up to 4 million cards), identities and contraband worth over $530 million in losses. And that's what they actually managed to accomplish. Reportedly, they hoped to inflict a total of $2.2 billion in damage. To learn more click on the picture below to read the article.