Vertical Markets

Credit card fraud arrests

by Mark Rowe

Some 44 members of a global credit card fraud network have been arrested in a joint operation coordinated by the Romanian Cybercrime Unit in Romania, in close cooperation with Europol’s European Cybercrime Centre (EC3).

Troels Oerting, Head of European Cybercrime Centre (EC3) at Europol, says: “This case is another example of excellent police work and flawless cooperation and a proof of the fact that EU law enforcement cooperation continues to improve This is a good sign for the future when increased cybercrime will become a great challenge for the LE community.”

The international operation ‘Pandora-Storm’, which City of London Police assisted with, succeeded with the apprehension of the organised crime group members involved in manipulations of point of sale terminals in big shopping centres across Europe and also on-line fraud. During the operation two illegal workshops for producing devices and software to manipulate point of sale terminals were dismantled. Illegal electronic equipment, financial data, cloned cards, and cash were seized during 82 house searches in Romania and the UK. More than 400 police officers were involved in this international operation.

The organised crime group has affected about 36,000 bank/credit card holders in 16 European countries. The group’s modus operandi involved sophisticated methods of stealing people’s credit and debit card numbers and PIN codes by implanting card reading devices and malicious software on point of sale terminals. Such crimes pose a huge threat as within a short time, say police, as thousands of customers across Europe can be victims of fraud. The criminals used counterfeit payment cards with stolen data for further illegal transactions mainly in Argentina, Colombia, the Dominican Republic, Japan, Mexico, South Korea, Sri Lanka, Thailand and USA. The members of the group are also responsible for setting up a sophisticated criminal network for on-line fraud.

The investigation was run by the Romanian Cybercrime Unit and a specialised Organised Crime Division of the Prosecutor’s Office (DIICOT) together with valuable support from 20 law enforcement agencies from Europe, America and Australia. Europol’s EC3 facilitated co-operation with European and overseas states. 28 analytical reports were prepared and several operational meetings for prosecutors and investigators from 20 countries were organised by Europol prior to the raid. EC3 says the coordinated approach of the police and judicial authorities on the international level was crucial to properly tackle and investigate this huge criminal network involved in misuse of the European card data overseas.

After an International request from Romanian National Police, via Europol and the UKCA (United Kingdom Central authority). The Dedicated Cheque and Plastic Crime Unit, assisted by City of London Police Economic Crime Directorate and the City of London Police Dog section executed six search warrants under the International Cooperation Act 2003 on Thursday, March 28. Officers searched addresses in East and North London and evidence was seized and the key suspects have been identified. All evidence will be sent to the Romanian police and will form part of their of their overall evidence. Supporting a prosecution of a Europe wide Organised Crime Group involved in defrauding UK and European banks.

On March 28, the final arrests were carried out from the command centre set up in Bucharest by the Romanian Police. Europol officers assisted the action by deploying the mobile office to Bucharest whilst simultaneously providing support at Europol’s Headquarters in The Hague.

Police describe payment card fraud as an extremely lucrative business. The EU is the world’s largest market for payment card transactions and it is estimated that organised crime groups derive more than 1.5 billion euros a year from payment card fraud in the EU.

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