Price of stolen Target cards dropping in underground market

Share this article:

The price of Target credit cards available for sale in underground online markets is rapidly declining, according to a recent report.

On days leading up to when the breach was announced by the company on Dec. 19, some card batches would sell for between $26.60 and $44.80, however, many have dropped as much as 70 percent, now selling for between $8 and $28, according to security blogger Brian Krebs.

The price of the cards is being impacted by the card “valid rates.”

While the initial batches of cards for sale would have a 100 percent valid rate – meaning that all cards purchased would work – the rates have dropped to 60 percent, so four out of ten cards would decline because the bank has canceled them.

Share this article:

Sign up to our newsletters

More in News

Latest Citadel trick allows RDP access after malware's removal

Latest Citadel trick allows RDP access after malware's ...

Trusteer, an IBM company, said the new Citadel configuration was detected this month.

Cryptoblocker variant emerges, encryption differs from CryptoLocker

Trend Micro has detected a variant of CryptoLocker in the wild that relies on the advanced encryption standard.

Jimmy John's sandwich chain investigating possible breach

Some financial institutions have indicated that credit cards recently used at Jimmy John's locations have been used to make fraudulent purchases.