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 Aug 07, 2008 - 08:35 AM - by Michael
* ID theft ringleaders nailed

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Personal Stuff/Random News
The US has caught up with the leaders of an international identity theft ring.

Now charged by a Boston court with numerous crimes, including conspiracy, computer intrusion, fraud and identity theft, the criminals allegedly obtained bank details by hacking into the retailers' computer networks and then installing 'sniffer' programmes to capture card numbers and password details as the customers moved through the retailers' credit and debit processing networks.

The ring is also said to have sold the customer information to criminals in the US and Eastern Europe, who then encoded the card numbers on the magnetic strips of bank cards. They then used the cards to withdraw tens of thousands of dollars from ATMs.
Regrettably, we lack proper punishments for these guys. I'd vote for firing squad.
 

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