Major bust of phishing ring
The FBI announced a major bust of 38 members of a phishing ring in the US and Romania.
The Romanians are charged with stealling the card numbers and selling them to 'cashiers' in the US who are charge with creating fake cards to withdraw the money from ATMs.
Most banks have deployed security measures that prevent this particular mode of attack for several years. so the case has quite likely been developing for quite a while. Prosecutors charge the crimes they have the best chance of gaining convictions for. There are long delays in the system but it is very likely that we will see a steady rise in prosecutions for this type of bank-fraud as cases started in 2003 on start to come to fruition.
The mills of justice grind slowly, but they grind exceedingly fine.
Update: Gary Warner has a summary of the 77 page indictment. The charges relate to activity between 2006 and 2008. In addition to the ATM cashout described in the indictment they were up to other scams.
