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The defendants, aged between 18 and 28, are believed to have stolen more than $100 million in intellectual property and other proprietary data from the likes of Microsoft Corporation, Epic Games, Valve, and even the US Army. This includes pre-release versions of Gears of War 3 and Call of Duty: Modern Warfare 3, Apache helicopter simulation software developed for the US army, and information about the Xbox One console. Two of the suspects have pleaded guilty, one of which is 22-year old David Pokora. His plea represents what may be the first conviction of a foreign-based individual for hacking into US businesses to steal trade secret information.

18-count superseding indictment

The organization’s board filed for bankruptcy after it discovered a wide range of serious problems. The group’s financial statements were falsified, the books were not in order, and taxes haven’t been paid since 2007.

CEO Snæbjörn Steingrímsson has admitted to embezzlement

CNET has learned a constellation of law enforcement groups has asked the U.S. Senate to require that wireless companies retain that information, warning that the lack of a current federal requirement "can hinder law enforcement investigations." They want an SMS retention requirement to be "considered" during congressional discussions over updating a 1986 privacy law for the cloud computing era -- a move that could complicate debate over the measure and erode support for it among civil libertarians. As the popularity of text messages has exploded in recent years, so has their use in criminal investigations and civil lawsuits. They have been introduced as evidence in armed robbery, cocaine distribution, and wire fraud prosecutions. In one 2009 case in Michigan, wireless provider SkyTel turned over the contents of 626,638 SMS messages, a figure described by a federal judge as "staggering."

The software, known as PC Rental Agent, was developed by Pennsylvania-based DesignerWare. It was licensed by more than 1,617 rent-to-own stores in the US, Canada, and Australia to report the physical location of rented PCs. A feature known as Detective Mode also allowed licensees to surreptitiously monitor the activities of computer users. Managers of rent-to-own stores could use the feature to turn on webcams so anyone in front of the machine would secretly be recorded. Managers could also use the software to log keystrokes and take screen captures.

In some cases, webcam activations captured images of children, individuals not fully clothed, and people engaged in sexual activities, the complaint alleged. Rental agreements never disclosed the information that was collected, FTC lawyers said.

PC Rental Agent also had the capability to display fake registration pages for Microsoft Windows, Internet Explorer, Microsoft Office, and Yahoo Messenger. When customers entered their names, addresses, and other personal information in the forms, the data was sent to DesignerWare servers and then e-mailed to the rent-to-own licensees.

Wednesday's report exposes serious risks in what banks, mortgage companies, and other financial services call "knowledge-based authentication." Representatives from these services frequently rely on a list of about 100 questions such as "What was your previous address?" or "Which company services your mortgage?" when trying to determine if the person on the phone or filling out an application is the individual he claims to be. Ready access to the data stored by the data aggregators can make the difference between a fraudulent application being approved or rejected. Krebs goes on to recount a story told by Gartner fraud analyst Avivah Litan about a fellow analyst who witnessed an identity thief in action.