• Latest
  • Trending
Police Set for Record Haul in Anti-Card Fraud Operation

Police Set for Record Haul in Anti-Card Fraud Operation

December 1, 2021
ATC Ghana supports Girls-In-ICT Program

ATC Ghana supports Girls-In-ICT Program

April 25, 2023
Vice President Dr. Bawumia inaugurates  ICT Hub

Vice President Dr. Bawumia inaugurates ICT Hub

April 2, 2023
Co-Creation Hub’s edtech accelerator puts $15M towards African startups

Co-Creation Hub’s edtech accelerator puts $15M towards African startups

February 20, 2023
Data Leak Hits Thousands of NHS Workers

Data Leak Hits Thousands of NHS Workers

February 20, 2023
EU Cybersecurity Agency Warns Against Chinese APTs

EU Cybersecurity Agency Warns Against Chinese APTs

February 20, 2023
How Your Storage System Will Still Be Viable in 5 Years’ Time?

How Your Storage System Will Still Be Viable in 5 Years’ Time?

February 20, 2023
The Broken Promises From Cybersecurity Vendors

Cloud Infrastructure Used By WIP26 For Espionage Attacks on Telcos

February 20, 2023
Instagram and Facebook to get paid-for verification

Instagram and Facebook to get paid-for verification

February 20, 2023
YouTube CEO Susan Wojcicki steps down after nine years

YouTube CEO Susan Wojcicki steps down after nine years

February 20, 2023
Inaugural AfCFTA Conference on Women and Youth in Trade

Inaugural AfCFTA Conference on Women and Youth in Trade

September 6, 2022
Instagram fined €405m over children’s data privacy

Instagram fined €405m over children’s data privacy

September 6, 2022
8 Most Common Causes of a Data Breach

5.7bn data entries found exposed on Chinese VPN

August 18, 2022
  • Consumer Watch
  • Kids Page
  • Directory
  • Events
  • Reviews
Friday, 11 July, 2025
  • Login
itechnewsonline.com
  • Home
  • Tech
  • Africa Tech
  • InfoSEC
  • Data Science
  • Data Storage
  • Business
  • Opinion
Subscription
Advertise
No Result
View All Result
itechnewsonline.com
No Result
View All Result

Police Set for Record Haul in Anti-Card Fraud Operation

by ITECHNEWS
December 1, 2021
in Infosec
0 0
0
Police Set for Record Haul in Anti-Card Fraud Operation

A cross-border anti-fraud initiative is set to save European cardholders tens of millions in cybercrime losses, according to experts who took part.

Carding Action 2021 was led by Italian police with support from the UK, leading card schemes and Europol.

YOU MAY ALSO LIKE

Data Leak Hits Thousands of NHS Workers

EU Cybersecurity Agency Warns Against Chinese APTs

It targeted the underground sites on which fraudsters and cyber-criminals trade stole card data.

According to Europol, the three-month operation has already led to the identification of 12 vendors selling card details on such sites, and total losses prevented of €14m ($16m).

However, only 50,000 stolen cards have so far been analyzed. According to participating cybersecurity vendor Group-IB, that represents only a quarter of the total. It said that the figure for losses prevented is worked out by multiplying average card spend by the number of compromised cards found.

That means the operation is set to clear the €40m (£45m) saved from last year’s Carding Action initiative.

Group-IB said its threat intelligence team was tasked with finding and analyzing newly compromised payment records from sources such as botnet and JS-sniffer infrastructure, as well as underground card shops and marketplaces regularly monitored by the vendor.

“Group-IB continues to hold true to its major principle of zero tolerance for cybercrime,” said Nicholas Palmer, head of global business at Group-IB. “Public-private partnerships and joint initiatives like Carding Action continue to play a key role in our strategy to disrupt cybercrime activities globally.”

The news comes as Europol also announced the results of another successful initiative: “Operation In Our Sites,” which ran from May to November 2021.

The anti-counterfeit operation led to 12 arrests, the takedown of nearly 500,000 websites, and the seizure of €2.6m ($3m) of fake goods.

“The sale of counterfeit goods and pirated materials is becoming an increasingly serious problem for law enforcement authorities for a number of reasons,” warned Europol.

“The internet allows criminals to remain anonymous due to the borderless nature of international e-commerce. It has never been easier to offer counterfeit goods or pirated content online as consumers have access to a greater variety of illicit products but are unaware of the potential risks.

”Phil Muncaster UK / EMEA News Reporter, Infosecurity Magazine

ShareTweetShare
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.

Search

No Result
View All Result

Recent News

ATC Ghana supports Girls-In-ICT Program

ATC Ghana supports Girls-In-ICT Program

April 25, 2023
Vice President Dr. Bawumia inaugurates  ICT Hub

Vice President Dr. Bawumia inaugurates ICT Hub

April 2, 2023
Co-Creation Hub’s edtech accelerator puts $15M towards African startups

Co-Creation Hub’s edtech accelerator puts $15M towards African startups

February 20, 2023

About What We Do

itechnewsonline.com

We bring you the best Premium Tech News.

Recent News With Image

ATC Ghana supports Girls-In-ICT Program

ATC Ghana supports Girls-In-ICT Program

April 25, 2023
Vice President Dr. Bawumia inaugurates  ICT Hub

Vice President Dr. Bawumia inaugurates ICT Hub

April 2, 2023

Recent News

  • ATC Ghana supports Girls-In-ICT Program April 25, 2023
  • Vice President Dr. Bawumia inaugurates ICT Hub April 2, 2023
  • Co-Creation Hub’s edtech accelerator puts $15M towards African startups February 20, 2023
  • Data Leak Hits Thousands of NHS Workers February 20, 2023
  • Home
  • InfoSec
  • Opinion
  • Africa Tech
  • Data Storage

© 2021-2022 iTechNewsOnline.Com - Powered by BackUPDataSystems

No Result
View All Result
  • Home
  • Tech
  • Africa Tech
  • InfoSEC
  • Data Science
  • Data Storage
  • Business
  • Opinion

© 2021-2022 iTechNewsOnline.Com - Powered by BackUPDataSystems

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version