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Feds Indict 5 in Largest Hacking, Data Theft Ring in U.S. History
Friday, July 26, 2013 5:55 AM

In what federal prosecutors are calling several of the largest known data-breach schemes in U.S. history, four Russians and one Ukrainian man are reportedly being charged with hacking more than a dozen of the world's largest national and international corporations to steal and resell over 160 million credit card numbers.

The losses in this case are staggering," U.S. Attorney Paul Fishman said yesterday. "The conspirators breached the computer networks of at least 17 major retailers, financial institutions and payment processors and obtained more than 160 million credit and debit card numbers … This scheme was so sophisticated and brought together some of the most experienced and skilled hackers in the world."

Losses to identity theft victims, who must deal with costs associated with the crimes, are considered immeasurable, the indictment states.