Security News > 2021 > December > European Cybercrime Centre confident it's kicked credit card crims – again
The European Cybercrime Centre has again acted against credit card fraud and is poised to reveal success on a similar scale to its 2020 campaign that prevented €40 million of losses.
Credit card fraud has also persisted, with crims conducting ongoing campaigns to acquire card numbers and use them to make unauthorised purchases.
Cosano related how EC3 resolved to reduce the impact of carding by trying to find card numbers before they're used so the Centre can inform banks and victims as soon as possible.
Carders know they need to protect the haul of card numbers obtained from e-shops with shoddy security, so much of the data they store is masked to hide the fact it records credit card numbers.
Finding the point at which cards are compromised is another focus of the EC3's now-annual "Carding action".
2020's effort saw 90,000 pieces of card data analysed and €40m of losses prevented, and Cosano predicted "We hope to have similar results in coming days."