Dubbed Carding Action 2020; the operation aimed at targeting several dark web marketplaces resulting in saving $48million/€40 million.
Europol backed by cybersecurity firm Group-IB, in collaboration with the law enforcement agencies from Hungary, UK, and Italy, has managed to disrupt the trading of stolen credit data on Dark Web forums.
The European agency launched Carding Action 2020 operation to locate fraudsters involved in the selling and purchasing stolen card details on secretive online card shops and dark web trading platforms.
The three-month-long operation involved assessing 90,000 credit cards’ data, and ultimately the investigative agencies could prevent consumers and financial organizations from experiencing losses of up to $48million/€40 million.
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Several dark web marketplaces were targeted under the Carding Action 2020 operation. However, it isn’t yet clear whether any arrests were made or not.
In its official press release, Europol revealed that the operation was initiated to “mitigate and prevent losses for financial institutions and cardholders,” and Europol and the UK supported the agencies from Italy and Hungary throughout the operation.
“Europol targeted fraudsters selling and purchasing compromised card details on websites selling stolen credit card data, known as card shops, and dark web marketplaces,” the agency said.
According to Edvardas Šileris, Europol’s European Cybercrime Centre head, cybercrime affects all aspects of daily life from money transfers to friends and paying in the superm ..
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