Prices for stolen information plummet

Share this article:

The black-market price for stolen credit and debit card details has dropped to as little as $1.50, according to a newspaper investigation.

In an investigation by the Sydney Morning Herald, it was found that that almost anyone on the internet can buy stolen payment card details for as little as $1.50 (for Australian details), and $2.50 American and English cardholder information.

For credit card accounts in Britain and the United States, the cybercriminal salesmen claim to be able to bypass some of the latest anti-fraud protection, including Verified by Visa. And free samples of the stolen data are available, although key information is kept hidden to preserve its resale value.

The hackers also offer a surprising level of detail about their victims, such as a customer's bank account number, mother's maiden name, Social Security number, date of birth, driver's license number, as well as answers to security questions.

Yuval Ben-Itzhak, chief technology officer with Finjan, said: “Our research team spotted this not inconsiderable trade in stolen payment card data back in the late spring...At that time, however, the going rate was around $15 a pop, so the rate has clearly fallen, perhaps because of the glut of this kind of data being sold on the internet.”

Share this article:
You must be a registered member of SC Magazine to post a comment.

Sign up to our newsletters

TOP COMMENTS

More in News

Information sharing requires breaking down barriers, White House cyber guru says

Information sharing requires breaking down barriers, White House ...

The White House has advanced an agenda to promote and facilitate information sharing on security threats and vulnerabilities.

Worm variant of Android ransomware, Koler, spreads via SMS

Worm variant of Android ransomware, Koler, spreads via ...

Upon infection, the Koler variant will send an SMS message to all contacts in the device's address book.

Patch for Windows flaw can be bypassed, prompts temporary fix from Microsoft

Patch for Windows flaw can be bypassed, prompts ...

The Windows zero-day received a patch last week, but the fix can still be bypassed by crafty attackers.