The Serious Organised Crime Agency (SOCA) has announced the closure of 36 website domains which were used to sell compromised credit card details.
Yesterday, SOCA put heads together with the FBI and US Department of Justice, in what it called a day of action against online criminals.
The 36 sites which were shut down sold stolen card and online bank details using e-commerce platforms known as Automated Vending Carts. AVCs allow for the quick shifting of dodgy data, although if you visit the websites in question now, all you'll see is a holding page indicating the domain has been seized by the authorities.
Furthermore, SOCA also arrested two men yesterday morning, who were suspected of making bulk purchases of stolen data from such sites. Computers were also seized by the Dedicated Cheque & Plastic Crime Unit, due to suspicion of the hardware being used to commit offences against the Fraud Act.
Lee Miles, Head of Cyber Operations for SOCA , commented: "This operation is an excellent example of the level of international cooperation being focused on tackling online fraud. Our activities have saved business, online retailers and financial institutions potential fraud losses estimated at more than half a billion pounds, and at the same time protected thousands of individuals from the distress caused by being a victim of fraud or identity crime."