Police Arrest 178 in U.S.-Europe Raid on Credit Card ‘Cloning Labs’
Summary: Police arrested 178 people across Europe and the United States on suspicion of cloning credit and debit cards in an international scam worth over 20 million euro ($24.52 million), per Reuters and Spanish authorities. A two-year investigation across fourteen countries, initiated in Spain, uncovered 120,000 stolen card numbers and 5,000 cloned cards, led to 76 arrests and the dismantling of six cloning labs in Spain, with raids made primarily in Romania, France, Italy, Germany, Ireland and the United States.
What's compelling: The detainees are also suspected of armed robbery, blackmail, sexual exploitation and money-laundering, and Germany alone arrested 16 people tied to skimming bank cards - a reminder that card-fraud rings finance and overlap with violent and other serious crime.
Read the original at Krebs on Security ↗
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