Wednesday, August 20, 2008

Security Fix: Web Fraud 2.0 - Validating Your Stolen Goods

Brian Krebs writes on Security Fix:

If there is any truth to the old saying that there is no honor among thieves then it is doubly true for thieves who transact with one another yet never actually meet face-to-face. Perhaps that explains the popularity of certain services in the underground cyber crime economy that make it easy for crooks to purchase stolen credit and bank accounts in bulk and check whether the accounts are legitimate and active.

From the many hours Security Fix spent skulking around some of the more active cyber crime communities online recently, I saw a site called mentioned quite a bit. I managed to acquire an account on this exclusive service, and found some 78,628 individual MasterCard and Visa credit and debit accounts for sale at various prices there.

More here.


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