Stolen Data So Plentiful, The Market For It Has Collapsed

from the valid-credit-cards?-sorry,-don't-need-any-more dept

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.
Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team

Filed Under: data leaks, identity fraud, security, supply and demand


Reader Comments

Subscribe: RSS

View by: Time | Thread


  1. identicon
    BlowURmindBowel, 10 Apr 2008 @ 11:15am

    Duh...

    I suppose I should have included this in my first post, to have given it some shred of a chance of being on topic...

    But yes, being that this was originally an AP article, I really have no problem with the source/credibility/etc.

    And yes FoxNews does have the hottest weathersluts!

    Although it was really funny when the daytime weather guy started yelling at the female mid-day desk anchor during Hurricane Katrina... (sorry I don't recally their names I'm a total CNN junkie by most peoples standards but I am bad with names.)

Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here



Subscribe to the Techdirt Daily newsletter




Comment Options:

  • Use markdown. Use plain text.
  • Remember name/email/url (set a cookie)

Follow Techdirt
Insider Shop - Show Your Support!

Essential Reading
Techdirt Insider Chat
Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it
Close

Email This

This feature is only available to registered users. Register or sign in to use it.