One of those nabbed was Joshua Hicks, a resident of The Bronx, N.Y.
Hicks allegedly joined the site created by federal investigators in October. He allegedly used the online nickname "OxideDox" and a Yahoo email address.
"I've been in the hacking scene for a while," he allegedly claimed. And he said that he stolen 800 credit cards from another Web site.
In online chats he allegedly told an undercover FBI agent that he would trade stolen credit card information for a digital camera or an iPad. And he allegedly agreed to sell 15 "dumps" of stolen credit card data for a camera and $250 in cash.
U.S. Attorney for the Southern District of New York, Preet Bharara and Fedarcyk said in a statement that the sting was "the largest coordinated international law enforcement action in history directed at 'carding' crimes – offenses in which the Internet is used to traffic in and exploit the stolen credit card, bank account, and other personal identification information of hundreds of thousands of victims globally."
Besides the 11 suspects arrested in the U.S., another 13 were taken into custody by foreign law enforcement officials.
In addition, the federal and local authorities, and authorities overseas conducted more than 30 subject interviews, and executed more than 30 search warrants.
Today's coordinated actions result from a two-year undercover operation led by the FBI that was designed to locate cybercriminals, investigate and expose them, and disrupt their activities.
"Hundreds of millions" of dollars in losses have been prevented and "hundreds of thousands" of credit card numbers have been protected, said authorities.
Bharara has called cybercrime one of the "greatest existential threats facing the United States."
In an opinion piece published in the New York Times Bharara wrote, "Some cybercrime is aimed directly at our national security, imperiling our infrastructure, government secrets and public safety. But as the recent wave of attacks by the hacker collective Anonymous demonstrates, it also targets private industry, threatening the security of our markets, our exchanges, our bank accounts, our trade secrets and our personal privacy."
Intellpuke: You can read this article by ABC World News correspondents Aaron Katersy and Richard Esposito in context here: abcnews.go.com/Business/largest-cyber-sting-history-nabs-24-continents/story?id=16653993#.T-p8qZHh7No