November 27, 2012 02:24 PM ET
IDG News Service - Romanian law enforcement authorities have dismantled a criminal group that stole credit card data from foreign companies as part of an operation that resulted in fraudulent transactions totaling $25 million.
Officers from the country's organized crime police working with prosecutors from the Romanian Directorate for Investigating Organized Crime and Terrorism (DIICOT) executed 36 search warrants on Tuesday at residential addresses in several Romanian cities and arrested 16 individuals suspected of being members of the credit card fraud ring.
According to DIICOT, the group's members gained unauthorized access to computer systems belonging to foreign companies that operate gas stations and grocery stores, and installed computer applications designed to intercept credit card transaction data.
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