Eighteen people have been arrested in a global operation targeting three networks suspected of large-scale credit card fraud and money laundering. The criminals used stolen data from millions of cardholders worldwide to create fake online subscriptions for adult and streaming services, resulting in $345 million in losses. The scheme involved insiders at payment processing companies and relied on shell companies to conceal activity. Authorities coordinated across 30 countries, searched dozens of properties, and seized millions in assets. The fraudulent activity was halted in 2021, and investigations continue.
https://www.bankinfosecurity.com/cops-cuff-18-suspects-over-345m-credit-card-fraud-scheme-a-29935