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Europol Busts Credit Card Fraud Rings Across 193 Countries

🔎 International authorities dismantled three large credit card fraud and money‑laundering networks in a coordinated November 4 operation, Operation Chargeback, resulting in 18 arrests and the seizure of assets worth over EUR 35 million. Investigators say the rings exploited four major German payment service providers to process and launder at least EUR 300 million in fraudulent charges that affected more than 4.3 million cardholders worldwide. The schemes generated about 19 million fake online subscriptions by using stolen card data and low, recurring charges to evade detection.