U.S. Law Enforcement Arrests 24 Hackers In Global Cyber Fraud Sting

U.S. law enforcement officials on Tuesday said 24 suspected hackers had been arrested on four continents in a sting operation targeting online financial fraud involving stolen credit card and bank information.

The two-year investigation, in which FBI agents posed as hackers on Internet forums, prevented more than $205 million in losses on more than 411,000 compromised consumer credit and debit cards, U.S. authorities in New York said.

Eleven people were arrested in the United States, the FBI and the Manhattan U.S. Attorney's Office said. The 13 others were arrested in countries spanning from Britain to Japan, the authorities said.

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