RealNews

Bulgaria arrests eight for phishing operation

Authorities in Bulgaria arrested eight people last week who allegedly stole financial information using a variety of fake Web pages carrying Microsoft logos, netting the group at least $50,000. The group, known as the MBAM (Microsoft Billing Account Management) gang, launched 46 attacks on 43 compromised servers in 11 countries, Microsoft said in a news release on Saturday. In a technique known as phishing, the group sent fraudulent e-mails purporting to be from MSN’s customer service team asking recipients to update their account information. Full Story

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