FBI Snags 24 Suspected Credit Card Hackers

Federal agents have been watching websites where hackers illegally distribute credit card data—and their work has paid off. Today, they arrested 11 people in the US and 13 overseas, reports Reuters.

Under the two-year sting, agents set up a fake online forum of their own where people could trade stolen account numbers.

The arrest foiled about $200 million in bogus purchases involving more than 400,000 compromised cards, authorities say. All of the suspects are males between the ages of 18 to 25, which might have been apparent by screen names like “JoshTheGod" and “IwearaMAGNUM.”

Some of those charged face 40 years in prison if convicted. Their arrests will cause a "significant disruption to the underground economy," an FBI spokeswoman tells the New York Times.