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DOJ Goes After Massive Cyberfraud Ring

The Infraud Organization is alleged to have been created as "the premier destination" for buying fake/stolen card information.

By Tina Orem | Updated on February 12, 2018

The Department of Justice has charged 36 people and arrested 13 in a takedown of a brazen global cyberfraud ring that bought and sold debit and credit card information, banking and financial data, stolen identities, personal information, malware and other illegal items. The action marks one of the largest cyberfraud enterprise prosecutions the DOJ has ever undertaken.  

The ring, called “the Infraud Organization,” has allegedly cheated consumers, businesses and financial institutions out of more than $530 million and planned to cause more than $2.2 billion in losses. According to the indictment, its alleged goal was to be “the premier destination” for buying fake or stolen card information and other contraband.  The federal indictment occurred in October but was just unsealed on February 7.

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