Price of stolen Target cards dropping in underground market | SC Media
Breach

Price of stolen Target cards dropping in underground market

February 20, 2014

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.

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