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Payment Methods Decide Who Pays for Fraud - You Or The Provider?


Operation Chargeback uncovered one of the most extensive international fraud structures in recent years, and the scale of the case created headlines across the world. The investigation brought together Europol, Eurojust, and law enforcement from multiple countries, with the final coordinated action revealing a criminal network which moved hundreds of millions of euros through shell companies and fake subscriptions - using their highly professional and advanced payment knowledge to achieve the wrong goals.


The criminals built their entire scheme around disrupting the natural flow of the dispute process as they created temporary companies and rotated bank accounts so acquirers could not recover the funds once the victims disputed the charges. Luckily, every cardholder received the refund but bank transfers, open banking, or crypto offer far weaker protection and leave the financial impact fully on the sender.


The difference between these rails decides who carries the loss long before fraud even happens, which is why payment and banking education now matters more than ever.


 
 
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