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

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  1. identicon
    Wolfy, 10 Apr 2008 @ 12:04pm

    Way to get the thread off topic! Good show, Folks! (see Daily Show with John Stewart: Samantha Bee segment "News I'd like to F@%k".)

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