by Mike Masnick
Thu, Apr 10th 2008 5:01am
There are so many data leaks these days that it's hardly even newsworthy every time some company reveals your social security number and credit card. However, would you believe that it's also impacting the economics for fraudsters? Matt Bennett alerts us to the news that the price of fraudulently obtained data is falling through the floor thanks to the glut of it on the market. There are so many collections of credit cards or bank account numbers that the crooks who are buying them are buying them in bigger batches at greatly deflated prices. By the way, the falling dollar has impacted this as well: European identity data is worth a lot more than American identity data. So, I guess there's that to be thankful for.
If you liked this post, you may also be interested in...
- DailyDirt: Passwords Suck, But What's Better?
- Top FBI Official Says Tech Companies Need To 'Prevent Encryption Above All Else'
- The Price Of Ignoring Free Internet Security Advice: Billboards Of Goatse
- Financial Info On 100,000 Taxpayers Now In The Hands Of Criminals, Thanks To The IRS's Weak Authentication Processes
- FBI Director Claims That The World's Most Knowledgeable Cybersecurity Experts Are Not 'Fair Minded' About Encryption Backdoors