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EU Law Enforcement Prevents $47.5 Million in Payment Fraud

EU Law Enforcement Prevents $47.5 million in Payment Fraud losses by targeting fraudsters who were selling stolen card data on darknet websites known as card shops. Europol, Group IB analyzed 90,000 pieces of card data that enabled them to block attacks that could have resulted in losses of about $47 million. The losses prevented were estimated by looking at the unique cards that were “detected and flagged by Group-IB and multiplied by the average spend on those cards,” the security firm says.”]

Source: https://www.cuinfosecurity.com/eu-law-enforcement-prevents-475-million-in-payment-fraud-a-15471

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