Credit card fraud
Banks to cover client losses
A new Development Ministry bill provides for the compensation of bank customers should they become victims of electronic fraud, such as the theft and use of their debit card PIN, even if this is due to their own negligence.
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Bulgarian Couple 'Executed' in Southern Suburbs Home in Cape Town
A Bulgarian facing charges relating to a credit card fraud syndicate was "executed" with his wife at their Cape Town home.
Police said they found Angelo Dimov and his second wife‚ Nessie Peeva‚ in Bergvliet‚ in the southern suburbs‚ with gunshot wounds to their heads. A police source said they were "executed" and laptops and cellphones had been stolen.
Card and Payment Industry on the Rise in Bulgaria
According to a new report, the proliferation of payment cards in circulation nationwide grew 2.08% annually from 2009 to 2013, resulting in a figure of USD 8.5 M 2013. Thanks largely to increased awareness and new technologies such as contactless cards, the average transaction value also increased to USD 85.5 (15th in Europe).
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Bulgaria's Sofia Airport Customs Officers Seize 50 Skimming Devices
Customs officers at Bulgaria's Sofia International Airport have discovered and seized about 50 skimming devices in courier parcels intended for shipping to destinations abroad.
Operation Imperium Busts Bulgarian Fake Payment Cards Group
Bulgaria and Spain, in cooperation with Europol, have dismantled a significant Bulgarian organised payment crime network.
The crime ring is suspected of a variety of crimes including large scale ATM skimming, electronic payment fraud and forgery of documents, Europol said in a statement.
BGN 8M Drained by Credit Card Skimmers in 2013
A total of BGN 7,93M was stolen in Bulgaria last year as a result of credit card frauds, namely skimming, according to data provided by financial analysts, cited by 24 Chasa Daily.
The number of bank cards in 2013 was 8,259,629, or an average of one card per person.
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Greece's cybercrime squad traces online fraudsters
Officers from the polices cybercrime squad have traced a 52-year-old Greek man and a 26-year-old Romanian national who are alleged to have made a series of online purchases using stolen credit card details, sources indicated on Tuesday.
The investigation was launched early this year following a tip-off implicating the two in extensive online credit card fraud.
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Ten Bulgarians Detained for Credit Card Fraud
Bulgarian police have detained 10 people in connection with credit card frauds, as part of a special operation.
The operation codenamed "Lyon" was conducted in Varna, Razgrad, and Silistra, where 29 suspected addresses were checked, Standartnews revealed.
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Boss of US ATM Fraud Scheme 'Has Ties to Bulgarian Underworld'
Gheorgui 'Mitsubishi' Martov, the alleged boss of an organized crime group charged with credit card fraud and money laundering in Chicago has ties to organized crime in Bulgaria.
This claim emerged in a recent US court filing, according to the Chicago Sun.
Int'l Police Operation Busts Bulgarian Credit Card Fraud Ring
Three people were arrested in Italy and four in Bulgaria in an operation aimed at intercepting a Bulgarian credit card fraud ring, according to Europol.
The arrests of the seven suspects last week were the result of an investigation of over one year.