Wednesday, April 9, 2008

Prices for stolen data down to bargain-basement levels

You know times are tough when criminals can't even make a living wage.


Credit card numbers were selling for as little as 40 cents each and access to a bank account was going for $10 in the second half of 2007, according to the latest twice-yearly Internet Security Threat Report from Symantec Corp. released Tuesday.
Researchers said they found more evidence during the last six months of the year that Internet fraudsters are adopting mainstream tactics, including hiring teams of hackers to create new viruses and offering volume discounts on stolen data to encourage larger orders.
And then they sold the whole operation to some gangster in Russia, who now owns everybody in the world's identity.

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