Police in 12 countries target Spain-based fraud ring that allegedly made more than $24.5 million. The ring was involved in credit card fraud, robbery with violence, extortion, sexual exploitation and money laundering. Police found 11 laboratories for falsifying credit cards, as well as more than 120,000 stolen credit cards and 5,000 cloned cards. Analyst: “It shows that the masterminds are spreading and are no longer just confined to Eastern Europe” The U.S. must consider adopting the Europay, MasterCard, Visa (EMV) standard, analyst says.”]
Source: https://www.healthcareinfosecurity.com/178-arrested-in-card-fraud-raids-a-2647