International Phone Hacking Ring Busted; Stole $55 Million Worth of Calls

Authorities in several countries have helped bust an international phone hacking ring that cracked into thousands of corporate phone networks in the U.S. and elsewhere in order to route calls through the networks at the expense of the hacked companies.

Three foreign nationals were indicted in the U.S., according to a document unsealed on Friday, for allegedly hacking into the phone systems, while five Pakistani nationals were arrested in Italy for allegedly financing the scheme and selling access to the hacked networks to other call centers and using the hacked networks to route their own customer calls. (Wired)