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Europol arrests 95 ecommerce fraudsters in international operation

Wednesday 20 June 2018 10:58 CET | News

95 professional fraudsters and members of internet-based criminal networks suspected of online fraud activities were arrested during the 2018 e-Commerce Action (eComm 2018).

eComm 2018 is a joint law enforcement operation supported by 28 countries, that took place from 4 to 15 June 2018. The main goal was to target online fraud through a coordinated law enforcement action within the European Union (EU) and beyond, followed by an awareness-raising campaign. The activity was inspired by a similar UK pilot conducted in collaboration with Visa.

The suspects arrested during the operation were responsible for more than 20 000 fraudulent transactions with compromised credit cards, with an estimated value exceeding EUR 8 million. The action was coordinated by the European Cybercrime Centre (EC3) from Europol’s headquarters in The Hague. It received the direct assistance from merchants, logistic companies, and banks and payment card schemes. Europol also supported national authorities on-the-spot by providing analytical services in their investigations.

The ecommerce action combats card-not-present fraud, aiming for a safer online environment for customers worldwide by sharing information and developing best practices between law enforcement and the private sector. Almost 200 private partners, merchants, logistics companies, financial institutions and analytical companies joined law enforcement during this action.


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Keywords: Europol, ecommerce, fraud prevention, merchants, fraudulent transactions, online fraud
Categories:
Countries: World