111 individuals have been indicted, and authorities say 86 are now in custody. The elaborate scheme involved five organized crime rings with ties to Europe, Asia, Africa and the Middle East. The fraudsters’ focus: credit card fraud, which exploited magnetic-stripe weaknesses the criminals could use to their buying advantage in the U.S. The busts should serve as a wake-up call about the growing threat of insider fraud, fraud analyst says. Chip-and-PIN technology, known as the Europay, MasterCard, Visa standard in other parts of the world, is not widely deployed in the United States.”]
Source: https://www.healthcareinfosecurity.com/biggest-id-theft-bust-in-history-a-4138