The federal government recently arrested 21-year-old David Benjamin “Fortezza” Schrooten on 14 alleged counts of credit card fraud.
InformationWeek reports that the Department of Justice took the Dutch citizen into custody after tracking him down in Romania and bringing him back to the United States. Schrooten is accused of stealing almost 50,000 credit card numbers.
“This defendant has wrought havoc on victims and financial institutions around the world,” said U.S. attorney Jenny A. Durkan, head of the Attorney General’s advisory committee on cybercrime and intellectual property enforcement, according to the source. “This indictment alleges that in just one transaction he trafficked in as many as 44,000 stolen credit card numbers resulting in millions of dollars in losses to financial institutions.”
Prior to this arrest, authorities made arrests related to the massive fraud. In May, Christopher A. Schroebel, 21, pleaded guilty to bank fraud and will be sentenced in August.
Credit card theft is one of the most serious issues a merchant can face. By complying with Payment Card Industry (PCI) standards, retailers and others accepting card payments will be able to reduce risks of fraud. Achieving PCI compliance could save firms major funds in the long term, as breaches are costly.Back To Blog