FBI announces largest number ever charged in cybercrime case. Phishing is a form of social engineering that attempts to convince Internet users to provide online credentials. FBI: U.S.-Egypt phishing operation collected personal information from thousands of victims. Hackers based in Egypt allegedly captured banking information and other personal details, then supplied that information to associates. Microsoft warned that Windows Live Hotmail customers’ credentials were exposed on a third-party site due to a likely phishing scheme. All 53 defendants face charges of conspiracy to commit bank fraud, which carry a maximum sentence of 20 years in prison.”]
Source: https://www.darkreading.com/attacks-breaches/100-phishers-charged-in-largest-cybercrime-case