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Police target credit card fraudsters

Police target credit card fraudsters

Category: Credit cards

Updated: 31/10/2008
First Published: 20/10/2008

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Police have shut down a website believed to promote credit card fraud.

The Serious Organised Crime Agency's (Soca) investigation into the Darkmarket site resulted in 60 arrests around the world, including some areas across the UK.

Criminals are said to have been using the site to exchange information about people, as well as how to commit various types of online fraud.

And Soca revealed that one person who had been arrested had spent £250,000 on personal data, which could in turn have been used to obtain up to £10 million.

The site had been running for three years and "enabled a whole range of criminal activities, from how to go about stealing data to how to make the best use of it once it had been stolen", stated a spokesman.

Next week UK payments association Apacs will launch a campaign aimed at highlighting the need for credit card customers to protect themselves online.

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