Language Selection

English French German Italian Portuguese Spanish

Black Market in Stolen Credit Cards

Filed under

"Want drive fast cars?" asks an advertisement, in broken English, atop the Web site "Want live in premium hotels? Want own beautiful girls? It's possible with dumps from Zo0mer." A "dump," in the blunt vernacular of a relentlessly flourishing online black market, is a credit card number. And what Zo0mer is peddling is stolen account information - name, billing address, phone - for Gold Visa cards and MasterCards at $100 apiece.

It is not clear whether any data stolen from CardSystems Solutions, the payment processor reported on Friday to have exposed 40 million credit card accounts to possible theft, has entered this black market. But law enforcement officials and security experts say it is a safe bet that the data will eventually be peddled at sites like - its very name a swaggering shorthand for International Association for the Advancement of Criminal Activity.

For despite years of security improvements and tougher, more coordinated law enforcement efforts, the information that criminals siphon - credit card and bank account numbers, and whole buckets of raw consumer information - is boldly hawked on the Internet. The data's value arises from its ready conversion into online purchases, counterfeit card manufacture, or more elaborate identity-theft schemes.

The online trade in credit card and bank account numbers, as well as other raw consumer information, is highly structured. There are buyers and sellers, intermediaries and even service industries. The players come from all over the world, but most of the Web sites where they meet are run from computer servers in the former Soviet Union, making them difficult to police.

Traders quickly earn titles, ratings and reputations for the quality of the goods they deliver - quality that also determines prices. And a wealth of institutional knowledge and shared wisdom is doled out to newcomers seeking entry into the market, like how to move payments and the best time of month to crack an account.
The Federal Trade Commission estimates that roughly 10 million Americans have their personal information pilfered and misused in some way or another every year, costing consumers $5 billion and businesses $48 billion annually.

Full Story.

More in Tux Machines

New ELF Linker from the LLVM Project

We have been working hard for a few months now to rewrite the ELF support in lld, the LLVM linker. We are happy to announce that it has reached a significant milestone: it is now able to bootstrap LLVM, Clang, and itself and pass all tests on x86-64 Linux and FreeBSD with the speed expected of an LLVM project. Read more

Altair to Open Source PBS Professional HPC Technology in 2016

“Altair’s open source contribution is valuable and will help advance the work of the OpenHPC Collaborative Project,” said Jim Zemlin, executive director at The Linux Foundation. “By working together to build and extend new technologies for the world’s most complex computing systems, Altair and other members of OpenHPC can accelerate exascale computing.” The open licensing system is scheduled to be released to the open source community in mid-2016. Read more

Thunderbird to be separated from Mozilla

This is a long-ish message. It covers general topics about Thunderbird and the future, and also the topics of the Foundation involvement (point 9) and the question of merging repositories (point 11). Naturally, I believe it’s worth the time to read through the end. Read more

Deepin 15. This could be the best Linux desktop distribution of the year

Deepin 15 Alpha 2 (or is it Deepin 2015 Alpha 2?) is the latest pre-stable release of what will become Deepin 15 (or Deepin 2015). It was made available for download and testing yesterday. Deepin is based on Ubuntu Desktop and developed by some fine folks in China. Read more