So, all you schmucks think your credit card or bank account information is safe?
Ha ha ha.
Think again, fellas.
Security software provider Panda Labs has concluded a study on the CyberCrime black market.
And the results make for very interesting reading.
Here are the CyberCrime black market rates for sensitive, precious information pertaining to your finances:
|Credit card details
|Physical credit cards
|From $180 + cost of details
|From $80-700 (with guaranteed balance)
|From 10 to 40 percent of the total
|$10 for simple accounts without guaranteed balance
|Online stores and pay platforms
|From $80-1500 with guaranteed balance
|Design & publishing of fake online stores
|According to the project (not specified)
|Purchase and forwarding of products
|From $30-300 (depending on the project)
|From $20 or $40 for three months
|$20 for three months
Source: Panda Labs
Here’s an excerpt from the Panda Labs‘ study:
This cyber-criminal black market caters to buyers’ needs just as any other business, and functions in similar ways. Since there is a great deal of competition in this industry, the rule of supply and demand ensures that prices are competitive, and operators even offer bulk discounts to higher-volume buyers. They will offer free ‘trial’ access to stolen bank or credit card details, as well as money back guarantees and free exchanges.
However, since it is a black market, there are clearly many areas that differ from traditional business. Since anonymity is of the utmost importance, many sellers use underground forums to keep out of sight. Their offices are effectively the Internet, though they even go as far as advertising their ‘office hours.’ Some are more brazen about their activities, and have accounts on Facebook and Twitter which they use as shop windows. To ensure anonymity, contact is always made across instant messaging applications or free, generic email accounts.
Cyber-crime black market uncovered