Europol Strikes €5m Payment Fraud Network

EU law enforcers have commended the payments industry for its role in an operation that tracked down criminal networks suspected of being responsible for 20,000 fraudulent credit card transactions.

Europol announced on Wednesday that 76 fraudsters had been arrested in connection with allegedly exploiting compromised credit cards to illegally purchase €5m worth of luxury goods online.

The EU police organisation said that through previous information given by online merchants, payment industry and logistics companies, police agencies were able to intercept hundreds of packages before they ended up in criminal hands.

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