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Operation Big Phish: Attorney General John Ashcroft announced that 53 people have been convicted in "Operation WebSnare" as a result of crimes ranging from credit card fraud to e-mail identity theft schemes known as "phishing." Ths is more than just law enforcement in the normal course of the activities of the Department of Justice.

"This is a series of cases that is designed to signal that we do not believe the Internet to be off base for law enforcement," Attorney General John Ashcroft said at a news conference.

The Attorney General estimates that identity theft alone costs U.S. businesses over $50 billion each year. "When you have $50 billion worth of damage being done to the economy of the United States of America, then it deserves some of our attention," Ashcroft said Thursday.

While it's comforting for the public to know that the Internet is not off base for law enforcement, and that the Department of Justice is giving identity theft some of their attention, hearing of a law enforcement operation with this "brand name" won't be good news for Websnare, which develops internet portals and intranet networks—unless they want to get into the Internet security business!

Posted by abnu on Friday, August 27, 2004 @ 8:11 AM [ + ]

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