Look after your credit cards this Christmas

US$60million UAE credit card fraud should be a warning.

A Dubai police chief has urged banks and customers in the UAE to take care after a gang of four men were arrested - accused of a US$60 million fraud operation involving stolen credit card information.

It is alleged they stole the information from nearly 17,000 credit cards and used it in online transactions and to withdraw money from the accounts of the owners.

The Criminal Investigation Department (CID) received an initial tip-off in July and after monitoring and collecting evidence, the teams raided the gang's den and arrested them earlier this week.

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