Risky Bulletin Risky Bulletin: Europol arrests massive credit card fraud ring
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Nov 7, 2025 Payment service executives are arrested in a massive €300 million credit card fraud scheme. Meta faces scrutiny for raking in over $16 billion from scam ads while allowing them to flourish. In a severe crackdown, China sentences scammers to death. A German national is linked to a $275 million scam empire in Georgia. In a chilling twist, a 14-year-old is implicated in a Roblox extortion ring targeting children in the Arab world. Meanwhile, KT telecom attempts to cover up a serious malware breach during an investigation.
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Massive Credit Card Fraud Ring Exposed
- Europol reported a fraud ring that stole card details and subscribed victims to fake services since 2016.
- The scheme charged about €50 per card and netted more than €300 million, with payment-exec collusion involved.
Meta Profits From Scam Advertising
- Reuters found about 10% of Meta's revenue comes from ads selling banned products or scams, totaling over $16 billion last year.
- Internal docs show Meta often charged higher fees to scammers instead of blocking them and only acted when regulatory risk rose.
Block Spoofed Calls Starting 2026
- UK mobile carriers will flag incoming international calls and block spoofed UK numbers starting in 2026 to curb impersonation scams.
- Operators will also deploy tech to help law enforcement trace scammers more effectively.