{"id":4768,"date":"2011-10-11T20:32:00","date_gmt":"2011-10-11T20:32:00","guid":{"rendered":"https:\/\/evssolutions.com\/largest-id-theft-bust-in-u-s-history\/"},"modified":"2023-04-19T17:12:39","modified_gmt":"2023-04-19T17:12:39","slug":"largest-id-theft-bust-in-u-s-history","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/largest-id-theft-bust-in-u-s-history\/","title":{"rendered":"Largest ID Theft Bust in U.S. History"},"content":{"rendered":"<p>On October 7<sup>th<\/sup> the District Attorney of Queens<br \/>\nCounty, NY and City of New York Police announced the biggest <a href=\"https:\/\/www.electronicverificationsystems.com\/\">identity theft<\/a><br \/>\ntakedown in U.S. history. After two years of investigating crime rings in<br \/>\nEurope, Asia, Africa and the Middle East, 111 people have been indicted, and 86<br \/>\nof them are in custody.<\/p>\n<p>The financial losses are reported to exceed $13 million over<br \/>\na 16-month timeframe.<\/p>\n<p>The investigation, called Operation Swiper required a<br \/>\nstrong coordination of surveillance, intelligence gathering, court-authorized<br \/>\nelectronic monitoring, and translation.<\/p>\n<p>The identity theft fraudsters focused on credit card fraud,<br \/>\nwhich exposes the weaknesses the magnetic-stripe has. The credit card brands<br \/>\nwere American Express, Visa, MasterCard and Discover Card.<\/p>\n<p>It is reported that employees in restaurants, bars, retail<br \/>\nstores and financial institutions have been linked, using handheld <a href=\"https:\/\/www.electronicverificationsystems.com\/Resources\/Blog\/Man-Arrested-for-Bank-of-America-ATM-Skimming.aspx\">skimming<\/a><br \/>\ndevices and illegal websites to collect card details.<\/p>\n<p>&#8220;This is by far the largest &#8211; and certainly among the<br \/>\nmost sophisticated &#8211; identity theft\/credit card fraud cases that law<br \/>\nenforcement has come across,&#8221; said District Attorney Brown. &#8220;<a href=\"https:\/\/www.electronicverificationsystems.com\/solutions\/\">Credit card<br \/>\nfraud<\/a> and identity theft are two of the fastest growing crimes in the<br \/>\nUnited States, afflicting millions of victims and costing billions of dollars<br \/>\nin losses to consumers, businesses and financial institutions. &#8230; Even after<br \/>\nthe culprits are caught and prosecuted, their victims are still faced with the<br \/>\ndifficult task of having to repair their credit ratings and financial<br \/>\nreputations. In some cases, that process can take years, said Jerry Silva,<br \/>\nfraud analyst and consultant.<\/p>\n<p><!--EndFragment--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On October 7th the District Attorney of Queens County, NY and City of New York Police announced the biggest identity theft takedown in U.S. history. After two years of investigating crime rings in Europe, Asia, Africa and the Middle East, 111 people have been indicted, and 86 of them are in custody.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[36],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4768"}],"collection":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/comments?post=4768"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4768\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}