Search Results: FinancialSecurity

International law enforcement dismantled three sophisticated credit card fraud networks that exploited payment providers to steal €300 million from 4.3 million victims. The operation revealed how criminals used shell companies and vague transaction descriptions to evade detection while laundering funds through legitimate financial infrastructure.

European law enforcement has dismantled a sophisticated crypto fraud operation, arresting five suspects linked to over €100 million in losses from more than 100 victims across 23 countries. The scam lured investors with fake cryptocurrency platforms promising high returns before vanishing with their funds. This crackdown highlights the escalating threat of cyber-enabled financial crimes and the critical need for international collaboration in digital security.