30 July 2016
Find out more

Soca shuts down 36 sites selling stolen card details

26 April 2012  |  4521 views  |  0 Computer virus

The UK's Serious organised crime agency (Soca) has shut down 36 Web sites used to sell stolen card and bank account details and arrested two men accused of using them.

Soca says the sites all used e-commerce type platforms known as Automated Vending Carts (AVC's) allowing criminals to sell large quantities of stolen data quickly and easily.

After working with the FBI and US Department of Justice, the agency moved to shut down the sites, whose visitors are now directed to a screen saying that the Web domain has been seized by law enforcement.

Yesterday morning Soca also arrested two men suspected of making large scale purchases of compromised data from such sites. Meanwhile the UK's Dedicated Cheque & Plastic Crime Unit has seized computers suspected of being used to facilitate fraud and an AVC operator based in Macedonia has been arrested by local authorities acting on a Soca tip-off.

The agency estimates that, working with partners around the world, it has recovered over 2.5 million items of compromised personal and financial information over the past two years, passing them on to banks around the world to help prevent potential fraud.

Lee Miles, head, cyber operations, Soca, says: "Our activities have saved business, online retailers and financial institutions potential fraud losses estimated at more than half a billion pounds, and at the same time protected thousands of individuals from the distress caused by being a victim of fraud or identity crime."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Microsoft takes down Zeus botnets

Microsoft takes down Zeus botnets

26 March 2012  |  5589 views  |  0 comments
Police arrest man over 18-month online banking fraud at top UK bank

Police arrest man over 18-month online banking fraud at top UK bank

13 March 2012  |  5505 views  |  1 comments
UK card fraud losses fall to 11-year low

UK card fraud losses fall to 11-year low

07 March 2012  |  10931 views  |  3 comments
Russian carder arrested in France

Russian carder arrested in France

12 August 2010  |  9383 views  |  0 comments
Mastermind behind DarkMarket forum faces jail after guilty plea

Mastermind behind DarkMarket forum faces jail after guilty plea

15 January 2010  |  6913 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Find out moreVisit VocaLink.comVisit capgemini.com

Who is commenting?

Top topics

Most viewed Most shared
Groupe BPCE agrees to buy FidorGroupe BPCE agrees to buy Fidor
7728 views comments | 35 tweets | 49 linkedin
Telefonica Germany launches Fidor-backed mobile banking serviceTelefonica Germany launches Fidor-backed m...
7050 views comments | 16 tweets | 22 linkedin
hands typing furiouslyManaging Big Data After Brexit
6647 views 0 | 6 tweets | 8 linkedin
hands typing furiouslyBank of Pikachu? What does Pokemon Go mean...
5650 views 0 | 10 tweets | 9 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job