Aussie police sting credit fraudsters in global takedown

By Darren Pauli on Apr 30, 2012 8:00 AM
Filed under Security

Crack down on online fraud.

More than 15,000 Australian credit cards equating to $3.75 million were salvaged from underground hacker forums in a global police sting.

The cards were held across 36 websites which used automated vending carts to sell the accounts in large batches.

Law enforcement agencies including the Australian Federal Police, the FBI, and the Netherlands national police force investigated the sites and on Wednesday they pounced.

Two men were arrested on suspicion of making large-scale purchases of compromised data from the carding sites, while British anti-fraud police seized computers suspected of being involved in the fraud racket. An operator of an automated vending cart was arrested in Macedonia.

The British serious organised crime unit (SOCA) claimed to have saved some $800 million through its anti-fraud efforts.

It said two million pieces of financial and personal information had been seized by SOCA.

Details on the 15,450 compromised Australian cards found by the AFP since October last year were supplied to local banks.

The targeted carding websites now display a message from the US informing readers the domain had been seized.

One of the siezed sites. 

“This operation is an excellent example of the level of international cooperation being focused on tackling online fraud,” SOCA head of cyber operations Lee Miles said.

 
Follow us on Facebook and Twitter
 

Copyright © SC Magazine, Australia

Aussie police sting credit fraudsters in global takedown
 
 
 
 
 
Top Stories
 
10 things we learned this week
Dick's chic Move, how Microsoft Finnish-ed Nokia and more family time for $1.29m.
 
100 Android apps, 150m downloads exposed to Heartbleed
Affected apps include chart toppers in the Google Play store.
 
Sign up to receive CRN email bulletins
   FOLLOW US...
Latest Comments
Polls
Are Chromebooks ready for the enterprise?

CRN Magazine

Issue: 325 | March 2014

CRN Magazine looks in-depth at the emerging issues and developments for the channel, and provides insight, analysis and strategic information to help resellers better run their businesses.