$200 million worldwide credit card hacking ring busted

Eleven people have been arrested in the United States, the UK and Vietnam for running a 200 million dollars worldwide credit card fraud ring.

Federal prosecutors in New Jersey said they had filed charges against a 23-year-old man from Vietnam.

According to Fox News, in a statement they said authorities in Vietnam had arrested Duy Hai Truong on May 29 to break a ring he is accused of running with co-conspirators.

Andy Archibald, interim deputy director of the National Cyber Crime Unit, said in a statement on the British government's Serious Organized Crime Agency website, said that one of the world's major facilitation networks for online card fraud has been dismantled by this operation.

He added that those engaged in this type of crime should know that they are neither anonymous, nor beyond the reach of law enforcement agencies

The arrests come as law enforcement officials around the world are cracking down on Internet-related heists.

According to the report, prosecutors said Truong and his friends stole information related to more than a million credit cards and resold it to criminal customers through the websites www.matteuter.biz and www.mattfeuter.com.