Huge cyber fraud business shut down
Although most people would not be able to see the significance of the Wembley Java Bean internet caf?, to the surveillance officers that spent months staking it out it was the final key in breaking through a large network cyber criminals.
Inside a pizza bar worker used the computers to run a cyber supermarket selling account details and stolen credit cards to other thieves. The amount of information that he was able to sell was estimated to have cost the banking industry around tens of millions.
The pizza workers name was revealed today as Renukanth Subramaniam aged 33. He was said to be the orchestrator of a multimillion scheme and the founder of DarkMarket website, which was a hub for fraudsters to sell and buy personal data from each other.
The exclusive secret website was open to fraudsters by invitation only, but eventually the US Secret Service and the FBI were able to break into it, where they found that about 2,000 cyber criminals regularly traded stolen card details and viruses.
The website is now referred to as the top English language cybercrime site across the globe and even offered tutorials for would be criminals that taught them how to skim ATMS, phish for personal details, and hack into computer systems.
The reach of the cybercriminal website was so immense that it had members in Canada, the UK, Russia, US, Germany, France, and Turkey, which makes it hard to put an exact figure on how much it cost the banking industry worldwide.
