Hacker sentenced for stealing millions from U.S. credit cards

A Bulgarian man was given a jail sentence for money laundering, financial fraud and extortion as the result of his ties to a cybercriminal gang that stole credit card data.

SearchSecurity.com:
To get security news and tips delivered to your inbox, click here to sign up for our free newsletter.

A Bulgarian man was given a 4-1/2 year jail sentence for his connection to a cybercriminal gang that bilked millions of dollars from stolen credit cards.

Reuters news agency reported Monday that Issa Mehmed, 28, and four members of an organized cybercriminal gang were given varying sentences for money laundering, financial fraud and extortion tied to spending millions on stolen credit cards. Mehmed pled guilty to the crimes.

Reuters said most of the credit and debit cards belonged to U.S. citizens. The Bulgarian District Court of Varna said the gang conducted operations from June 2003 until January 2008, when the members were arrested.

The sentence requires Mehmed to pay back $1.19 million in stolen funds and pay a $3,000 fine.

Dig deeper on Identity Theft and Data Security Breaches

Pro+

Features

Enjoy the benefits of Pro+ membership, learn more and join.

0 comments

Oldest 

Forgot Password?

No problem! Submit your e-mail address below. We'll send you an email containing your password.

Your password has been sent to:

SearchCloudSecurity

SearchNetworking

SearchCIO

SearchConsumerization

SearchEnterpriseDesktop

SearchCloudComputing

ComputerWeekly

Close