Romanian authorities dismantle cybercrime ring responsible for $25 million credit card fraud
I wonder how many breaches this bust clears up? For IDG News Service, Lucian Constantin reports:
Romanian law enforcement authorities have dismantled a criminal group that stole credit card data from foreign companies as part of an operation that resulted in fraudulent transactions totaling US$25 million.[…]
According to DIICOT, the group’s members gained unauthorized access to computer systems belonging to foreign companies that operate gas stations and grocery stores, and installed computer applications designed to intercept credit card transaction data.
The applications were configured to store the captured data locally for later retrieval, upload it automatically to external servers or send it to email addresses controlled by the gang’s members, the agency said. The stolen credit card information was then sold or used to create counterfeit cards.
For example, between December 2011 and October 2012 members of the group sold 68,000 credit cards at $4 each through a specialized online shop, making a profit of $270,000, DIICOT revealed.[…]