A survey found more than 9 million of us have been victims of cybercrime, with some losing more than £10,000.
Prosecutors say the defendants participated in a crime ring that robbed thousands of ATMs using bogus magnetic strip cards.
Suspects are accused of infecting millions of computers with a virus to extort perhaps millions of dollars from computer users in 30 countries.
New York-based cell used information gleaned from two hacks to create bogus debit cards to quickly steal millions from bank machines in Manhattan.
Real-world losses due to cybercrime add up to between $100 billion and $500 billion globally, and more than 500,000 jobs in the U.S. alone, according to report commissioned by McAfee.
Researchers say criminals are moving their malware heavy lifting from end user PCs to servers in the cloud.
Reuters has turned up a research connection between Shanghai Jiaotong University and the People's Liberation Army unit suspected of participation in cyberattacks on the West.
Amid worries the new law is too general and could lead to the silencing of government critics, the country's Supreme Court suspends the law for 120 days.
An annual cybercrime report has said that over the past 12 months, cybercrime has cost U.S. consumers billions of dollars.
Law enforcement poses as hackers to identify "carders" from around the world who allegedly make money off stolen credit-card, bank-account and personal-identification information.