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...
- T-Mobile Customer Data Leaked By Experian... And Faulty Encryption Implementation
- CIA, FBI And Much Of US Military Aren't Doing The Most Basic Things To Encrypt Email
- Why Backdoors Always Suck: The TSA Travel Locks Were Hacked And The TSA Doesn't Care
- It Only Took GM Five Years To Patch Dangerous Vulnerability Impacting Millions Of Automobiles
- Telco Giant Vodafone Looked At Journalist's Phone Records To See Who Was Leaking Info To Her