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.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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Filed Under: data leaks, identity fraud, security, supply and demand
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FoxNews... Really!?
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Re: FoxNews... Really!?
It was an AP piece, credited so, I just couldn't find the original AP article via google news so I gave up and linked the Fox News article. Note: I did that because certain people have ignorant reactions like yours.
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Re: Re: FoxNews... Really!?
I will admit that most of the time my responses here on tech dirt are a bit ignorant and a call for attention.
I've tried but not sure if I could do any better.
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Re: Re: Re: FoxNews... Really!?
STOP BEING REASONABLE! This is the Internet, act accordingly.
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So you read the article too?
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European data
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data leakage is nothing
90% of these leaks are lost/stolen laptops and USB memory sticks and everyone is immediately aware of the issue because the device is missing. what if the device was not stolen, but changed in some way?
what i am waiting to see is a situation where data is not stolen, but changed in some way that is not immediately obvious, like lowering everyone's grades by 3 points at a college, or changing all the blood types at a hospital, or cutting everyone's credit scores in half.
right now, we are all used to seeing obvious failures. what do you do when the failure isn't obvious?
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Fox News
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http://www.usatoday.com/tech/news/computersecurity/infotheft/2008-04-08-internet-security-mar ket_N.htm
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Reasonable?
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FauxNews
But I honestly do believe that depending on the program Fox slants farther to the right than CNN does to the left. It's just that CNN is generally to the left while Fox varies from centrist to Hyper-Right depending on the topic/show/host/etc. I like that CNN is more predictable.
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Re: FauxNews
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Duh...
But yes, being that this was originally an AP article, I really have no problem with the source/credibility/etc.
And yes FoxNews does have the hottest weathersluts!
Although it was really funny when the daytime weather guy started yelling at the female mid-day desk anchor during Hurricane Katrina... (sorry I don't recally their names I'm a total CNN junkie by most peoples standards but I am bad with names.)
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Sometimes.
"I'll sell you my identity for $500, so long as you promise to pay my credit card bills..."
That's why stolen American identity data is so worthless lately!
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Shagger Green lasers rulz
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