Tuesday, June 21, 2005

Market for stolen credit data thrives online

An article by Tom Zeller Jr. (The NY Times) appearing in The International Herald Tribune reports that:

"Want drive fast cars?" asks an advertisement in broken English atop the Web site iaaca.com. "Want live in premium hotels? Want own beautiful girls? It's possible with dumps from ZoOmer."

A "dump," in the blunt vernacular of a relentlessly flourishing online black market, is a credit card number. And what ZoOmer is peddling is stolen account information - name, billing address, phone - for Gold Visa cards and MasterCards, at $100 apiece.

It is not clear whether any information stolen from CardSystems Solutions, the U.S. payment processor that was reported on Friday to have exposed 40 million credit card accounts to possible theft, has entered this black market.

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