One arrest as gardaí and Europol crack down on stolen card fraud
Gardaí from the Garda National Economic Crime Bureau have teamed up with the retail industry in a bid to combat the growing problem of Card Not Present (CNP) fraud
One person was arrested and six homes in Dublin were searched as part of a Europol effort to combat the growing spike in criminals purchasing goods online with stolen payment card details.
Earlier this week Europol revealed that between June 6 and 16, officers in 23 countries working with retailers and the payments industry took part in the investigation.
One person was arrested and six searches of homes in Balbriggan, Tallaght, Drimnah and Tyrrelstown were searched by the Garda National Economic Crime Bureau.
Details of over 100 compromised US-issued payment cards were also recovered in Ireland during the operation.
Gardai are teaming up with retailers to combat the growing spike in card not present (CNP) fraud.
CNP fraud involves the use of payment card details that have been compromised and obtained through skimming, hacking, email phishing, telephone solicitations or other unlawful methods.
The compromised payment card details are then used to facilitate fraudulent transactions.
In the first half of last year alone, card fraud in Ireland cost over €20m, with three quarters of the crimes happening when a card was not present.
One recent target was a major national sports retailer which recorded 172 successful and attempted purchases during two weeks in March from its online store using compromised payment cards from the US.
If all 172 attempts were successful, the retailer would have lost out on approximately €16,000 in revenue.
A smaller retailer in the west of Ireland was also targeted in recent months.