The YourSpace Project

a class blog for Indiana Wesleyan University students

Two-Year Operation Nets 100 Phishers

Posted by Russ Ray on November 6, 2009

Sounds like the definition of a classic phishing scheme:

The indictment charges that cyberthieves located in Egypt used classic phishing tactics to direct victims to phony Web sites, where they entered passwords, account numbers, and other data. That info was used to hack into accounts at two banks. Money was transferred from the compromised accounts to fraudulent accounts created by “runners” recruited by the U.S.-based co-conspirators.

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