UK teenager behind cybercrimewave to face prison spell

A UK teenager who ran a cybercrime Website retailing stolen credit card details worldwide is facing a lengthy prison sentence after admitting fraud charges at Southwark Crown Court.

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UK teenager behind cybercrimewave to face prison spell

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Nick Webber, 19, and four accomplices, set up GhostMarket.net which specialised in online bank account hacking, and retailing of viruses and stolen credit card details. The site - which had almost 8000 members - also offered tutorials on how to commit online bank frauds.

Webber, the son of a former Guernsey politician, was caught with details for 100,000 credit cards on his laptop. The GhostMarket.net site charged $3 for US account details, $5 for EU data and $6 for UK passwords and credit card numbers.

The site was rumbled after an an eight-month investigation by the Met's Police Central e-Crime Unit. Officers have so far recovered more than 65,000 compromised card numbers, which at an estimated industry loss of £120 per card, could have led to losses of up to £7.9 million.

Webber has been remanded in custody to await sentencing in February next year. Summing up, Judge John Price said: "These are such serious matters that there may well be substantial periods of imprisonment."





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