Arrests made in debit card fraud case

The U.S. Secret Service Wednesday confirmed that it has made several arrests in connection with a recent wave of debit card fraud that forced several banks and credit unions to reissue millions of cards over the past few months.

The arrests were part of a broader undercover Secret Service investigation known as "Operation Rolling Stone" that has so far resulted in the arrests of 21 people on charges related to online identity theft as well as credit and debit card fraud.

Seven of those arrests occurred yesterday in Florida, New York, Illinois, Pennsylvania, California and Washington, according to Secret Service spokesman Jonathan Cherry.

"Previous arrests occurred in a number of locations nationwide, with one arrest in the United Kingdom," he said.

According to Cherry, some of the 21 people arrested so far are linked to the recent debit card fraud wave, but he did not say how many.

"Rolling Stone is an active operation and in its initial stages [is] targeted at online criminal enterprises that threaten our financial infrastructure," Cherry said.

The arrests come amid a wave of debit card fraud resulting from a security breach involving a still undisclosed US retailer or retailers. The fraud resulting from the breach has so far forced many major banks, including Bank of America, Wells Fargo Bank and Washington Mutual Bank -- as well as numerous credit unions around the country -- to block transactions and reissue over 1 million cards.

Many of the compromised debit cards were being used fraudulently in several countries, including Romania, Russia, Spain and the U.K.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jaikumar Vijayan

Computerworld
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?