24 July 2016
Find out more

Romanian cybercrime network dismantled

18 July 2014  |  6806 views  |  0 credit card

European authorities say they have dismantled a Romanian-dominated cybercrime network that used a host of tactics to steal more than EUR2 million.

Hundreds of police in Romania and France, backed by the European Cybercrime Centre (EC3), carried out raids on 177 addresses, interrogating 115 people and detaining 65.

Those held are suspected of participating in sophisticated electronic payment crimes, using malware to take over and gain access to computers used by money transfer services all over Europe. They are also accused of stealing card data through skimming, money laundering and drug trafficking.

Proceeds of the crimes were invested in different types of property, deposited in bank accounts or transferred electronically, says the EC3. Large sums of money, luxury vehicles and IT equipment were seized during the raids.

Troels Oerting, head, EC3, says: said: "As a direct result of the excellent cooperation and outstanding work by police officers and prosecutors from Romania, France and other European countries, a key criminal network has been successfully taken down this week."

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

US Treasury calls on financial sector to step up cybersecurity planning

US Treasury calls on financial sector to step up cybersecurity planning

17 July 2014  |  5453 views  |  0 comments | 4 tweets | 5 linkedin
UK cyber cops take on Shylock malware

UK cyber cops take on Shylock malware

11 July 2014  |  5218 views  |  1 comments | 7 tweets | 4 linkedin
Hedge fund cyber-attack was not real, admits BAE Systems

Hedge fund cyber-attack was not real, admits BAE Systems

10 July 2014  |  5067 views  |  0 comments | 3 tweets | 1 linkedin
Cybercrooks steal EUR500,000 from European bank

Cybercrooks steal EUR500,000 from European bank

25 June 2014  |  5784 views  |  1 comments | 9 tweets | 2 linkedin
As cyber threat grows, EU regulators warn FS firms on IT budgets

As cyber threat grows, EU regulators warn FS firms on IT budgets

03 April 2014  |  6196 views  |  0 comments | 9 tweets | 2 linkedin
Banks losing millions to new wave of ATM hacks - FFIEC

Banks losing millions to new wave of ATM hacks - FFIEC

03 April 2014  |  9172 views  |  4 comments | 8 tweets | 16 linkedin
Cybercrime forums shun bitcoin for own currencies - RSA

Cybercrime forums shun bitcoin for own currencies - RSA

17 February 2014  |  5729 views  |  1 comments | 8 tweets | 3 linkedin
Europol takes down card fraud network

Europol takes down card fraud network

28 March 2013  |  8875 views  |  2 comments | 6 tweets | 6 linkedin

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euFind out moreVisit capgemini.com

Top topics

Most viewed Most shared
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
8354 views 14 comments | 32 tweets | 37 linkedin
satelliteContactless Bitcoin startup Plutus Tap &am...
8042 views comments | 6 tweets | 3 linkedin
hands typing furiouslyBanking on IoT: Security in the Internet o...
8002 views 3 | 19 tweets | 7 linkedin
hands typing furiouslyWhat Every FinTech CEO Should Know About R...
7958 views 0 | 14 tweets | 8 linkedin
Santander doubles down on fintech fundSantander doubles down on fintech fund
7662 views comments | 22 tweets | 28 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job