Home > Latest News > Romania: Credit Card Fraud Ring Dismantled

Romania: Credit Card Fraud Ring Dismantled

November 28, 2012 Leave a comment Go to comments

16:15, November 28, 2012

Romanian law enforcement authorities have dismantled a criminal group that stole credit card data from foreign companies. The cybercrime operation resulted in fraudulent transactions totaling $25 million, the IDG news service reports.

Officers from the country’s organized crime police, working with prosecutors from the Romanian Directorate for Investigating Organized Crime and Terrorism (DIICOT), executed 36 search warrants on Tuesday at residential addresses across Romania and arrested 16 individuals suspected of being members of the credit card fraud ring.

According to a press release on the DIICOT website, the group’s members hacked into computer systems belonging to foreign companies that operate gas stations and grocery stores and installed computer applications designed to intercept credit card transaction data.

Armenian News

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