Newswire stories are carrying a story that describes the arrest of several suspects in countries around the world in what is claimed as the largest ID theft ring in history. This group is accused of possessing over 40 million credit and debit cards, including those in the collosal TJX breach a couple of years ago.
The U.S. Department of Justice claims that some of those arrested are the same persons who broke into TJX’s network. So this may not merely be a matter of the middlemen being caught, but the actual perpetrators of the TJX break-in.
Stories like this often fade into the background. Criminal and court proceedings take a very long time and generally do not hold our interest. Those in my profession (data security) will probably keep a closer eye on this matter than the general public.
Links to news story:
AP via YouTube:
Careful reading of the indictments show that the media, card issuers and Federal Trade Commission over-reacted to the TJX incident. TJX was not as bad as we were led to believe. –Ben http://legal-beagle.typepad.com/wrights_legal_beagle/2008/08/credit-card-iss.html