Multinational Phishing & Fraud

In probably unconnected news, the FBI announced this week that in collaboration with authorities in Egypt it has charged 53 people involved in a multinational phishing scheme. An additional 47 defendants have been charged in Egypt. In a two-year investigation known by the fantastic name of “Operation Phish Phry”, investigators allegedly uncovered a gang in which hackers in Egypt ran phishing scams to capture personal data and banking information from thousands of people, and then passed that data to co-conspirators in the USA. Defendants in the USA are charged variously with bank fraud and wire fraud and are subject to sentences that may range up to 20 years in prison.