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Criminals exploit weaknesses in US-based cash machines to steal money from EU card holders (Photo: MyTudut)

Criminals steal €1.5 billion from EU credit cards

EU citizens are losing some €1.5 billion every year as criminals siphon off their money through the fraudulent use of debit and credit cards.

A new report released on Monday (7 December) by the EU police agency Europol found that the thefts most often occur in the United States.

“The majority of illegal face-to-face card transactions affecting the European Union take place overseas, mainly in the United States,” noted the Hague-based agency.

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

Criminals exploit weaknesses in US-based cash machines to steal money from EU card holders (Photo: MyTudut)

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

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