Multi-million dollar credit card fraud operation uncovered

From bleepingcomputer.com

credit card

A massive operation that has reportedly siphoned millions of USD from credit cards since its launch in 2019 has been exposed and is considered responsible for losses for tens of thousands of victims.

The site operators, thought to originate from Russia, operate an extensive network of bogus dating and customer support websites and use them to charge credit cards bought on the dark web.

This way, the charges appear legitimate, and the websites are not readily approving fund returns on the grounds of fraudulent transactions, resulting in the enrichment of the crime syndicate behind the operation.

The discovery and report about the global operation come from researchers at ReasonLabs, who shared their findings with BleepingComputer before publication.

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