Six Lines

The Market for Credit Cards

Posted by Aaron Massey on 23 Sep 2010.

Brian Krebs continues his excellent coverage of computer security with pieces like “I’ll Take 2 MasterCards and a Visa, Please,” excerpted here:

A glut of stolen data — combined with innovation and cutthroat competition among vendors — is conspiring to keep prices for stolen account numbers exceptionally low. Even so, many readers probably have no idea that their credit card information is worth only about $1.50 on the black market.

Yeah, it’s only $1.50 to purchase a stolen/fraudlently obtained credit card online. The only piece of the story he leaves out is how you pay for these things. I wouldn’t imagine that they accept Visa…