the MBAM Gang - Phished Out

Eight people who allegedly ran online scams to pilfer personal information from internet users worldwide were arrested in Bulgaria last week.

Bulgarian law enforcement agents conducted raids in three cities and dismantled what is believed to be an international phishing operation, Microsoft said in a statement on Friday. The software giant helped investigate the alleged cyber crimes, which played off its MSN web property, it said.

The phishing group allegedly crafted emails to make them appear as if they were sent by MSN customer service representatives and created dozens of fake internet web pages that mimicked the design, logo and trademark of official MSN pages, Microsoft said.

Dubbed the "MBAM Gang", for "Microsoft Billing Account Management", by Microsoft investigators, the group of eight allegedly launched 46 phishing attacks using 43 hacked web servers located in 11 countries around the world, the software giant said.