Romanian credit card fraud syndicate busted

Credit card fraud uncovered

An international police investigation has led to the arrest of seven people in Romania who are suspected of masterminding Australia’s biggest credit card fraud which saw data stolen from 30,000 credit cards.

According to Australian federal police, the computer systems of 100 small businesses were hacked and the data was used to create fake credit cards and make fraudulent transactions in Australia, Hong Kong, Europe and the US totalling A$30m ($31m, £19m).

Cdr Glen McEwen, federal police manager for cyber-crime operations, said: “This is the largest data breach investigation ever undertaken by Australian law enforcement. Without the co-operation of 13 other countries, along with Australia’s banking and finance sector, we would not have been able to track these illegal transactions to the criminal network in Romania.”

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