Stemming the Tide

With all the accounts of Phishing horrors and IT security advisories warning against it, FBI’s breakthrough against a US-Egypt Phishing scam is definitely a welcome in the war against identity theft.

The Federal Bureau of Investigation said 33 people were arrested across the United States early Wednesday while authorities in Egypt charged 47 more people linked to the scam.

A total of 53 suspects were named in connection with the scam in a federal grand jury indictment, the FBI said.

Authorities said the sophisticated identity theft network had gathered information from thousands of victims which was used to defraud American banks.

While there are a lot that remains to be done, the headway provides at least some sense of justice to those paranoid about their privacy and financial information in a world becoming more and more interconnected everyday.