23 August 2017
visit www.avoka.com

Cops bust Romanian gang behind Australia's largest credit card data theft

29 November 2012  |  4961 views  |  0 Sydney Modern Buildings

A joint international criminal investigation has resulted in seven people being charged in Romania for the largest credit card data theft in Australia's history.

The criminal syndicate had access to 500,000 Australian credit cards and approximately 30,000 credit cards have been used for fraudulent transactions amounting to more than $30 million.

The gang exploited loopholes in POS terminal security at 100 small businesses across Australia, recording card details to create counterfeit cards that were used in numerous overseas locations including Europe, Hong Kong, Australia and the United States.

Australian Federal Police (AFP) manager for cyber crime operations, commander Glen McEwen says the arrests are the result of significant cooperation across law enforcement and the financial industry.

"This is the largest data breach investigation ever undertaken by Australian law enforcement," he says. "Without the cooperation of 13 other countries, along with Australia's banking and finance sector, we would not have been able to track these illegal transactions to the criminal network in Romania. Today's successful outcome is a culmination of 17 months of hard work with these partners."

In the UK, meanwhile, another Romanian national has pleaded guilty to an ATM skimming operation that yielded the details of more than 9000 credit and debit cards. Leonid Rotaru, 32, was caught red handed as he returned to collect a card reader from an ATM he had tampered with at a branch of Sainsburys superpmarket.

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

Oz banks baulk at data breach notification laws

Oz banks baulk at data breach notification laws

19 October 2012  |  5070 views  |  1 comments | 1 tweets
Romanian hackers plead guilty to attacks on Subway store POS systems

Romanian hackers plead guilty to attacks on Subway store POS systems

19 September 2012  |  4789 views  |  0 comments
Man arrested over $1.5m New York ATM skimming scam

Man arrested over $1.5m New York ATM skimming scam

09 January 2012  |  7372 views  |  1 comments
Romanian police bust ATM skimming factory

Romanian police bust ATM skimming factory

04 June 2010  |  14610 views  |  0 comments
Romanian national pleads guilty to $150,000 card skimming crime-spree

Romanian national pleads guilty to $150,000 card skimming crime-spree

18 November 2009  |  6256 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.worldpaymentsreport.comdownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12736 views comments | 27 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11364 views comments | 22 tweets | 34 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10518 views comments | 21 tweets | 34 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10479 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10443 views 0 | 6 tweets | 1 linkedin

Featured job

Find your next job