News story

International operation prevents half a billion pounds of fraud

This news article was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

The Serious Organised Crime Agency (SOCA) has taken down 36 website domains which were selling compromised credit card and financial data.

The Serious Organised Crime Agency (SOCA) announced on 26 April 2012 that it has taken down 36 website domains which were being used to sell compromised credit card and financial data.

This operation was part of an international effort with the FBI and US Department of Justice. 

The potential international fraud prevented by this operation is estimated to be in excess of £500 million.

SOCA has been allocated £19 million over four years through the Cabinet Office’s National Cyber Security Programme to improve the UK’s response to tackling cyber crime.