Huge catch and good move by law enforcement! I wonder what took so long to shut this fraudulent web site down.

A website that was popular with online ID fraudsters worldwide has been shut down for good thanks to coordinated action from a number of law enforcement agencies across the globe.

The three-year old website, called Darkmarket (their website is unsurprisingly closed) was a VBulletin-based internet forum that allowed their members to engage in buying and selling of phished financial data that includes Credit card details, login credentials.

There was also a section that included applications and tools to carry out online ID fraud activities and was an invitation-only website which meant that only trusted sources would get a login and password.

According to Alexa, the site was particularly popular in Lithuania, Turkey, the UK and Spain and experienced a spike in September, probably due to the global credit crunch which, according to experts, attracted an important number of phishing and banning fraud attempts.