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The site did not reveal where the details were harvested from, but the ownership of the cards was clear. One credit card was registered to a person in Craigavon in north County Armagh; another belonged to a resident of Chelmsford, Essex, who lost their platinum Visa card earlier this week. Platinum cards are particularly attractive to fraudsters because of their high credit limit. Scores more card details, registered to addresses up and down the country, from Aberdeenshire to Devon, were openly for sale on the site.
The example of the Russian-registered site is striking because it is on the “surface” web, and easily available to conventional internet users. It has a high-end design and layout, offers customer support and promises an 80% success rate for the buyers of stolen cards. It sits at the luxury end of the identity theft market, and charges accordingly – it wanted $72 (£47) for each card sold to us.
To bulk buy cvv stolen data at lower prices, however, fraudsters head to the dark web. This can be accessed via the Tor browser, rather than conventional browsers used by the vast majority of users. It bounces a connection through multiple encrypted relays before it hits its destination. This obscures where the site’s server is located, allowing would-be identity thieves to connect to hidden services, and sites not accessible to non-Tor users.
Searching through Tor, it is possible to access a site which will sell 100 credit cards (with the CVV2 digits – the three numbers on the reverse of the card) for just $150 (£98), around £1 per card. The site also sells PayPal accounts at $100 for 100, while other hidden services will offer €1,250 of counterfeited notes for €500. Free shipping is included.
Man walks past company logo of TalkTalk
TalkTalk cyber-attack sparks calls for new regulatory powers
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Buying the stolen information is just the first step in a process that criminals use to convert digital data bought online into hard cash. The credit cards are used to load money onto easily obtained pre-paid debit cards. These are payment cards that function similar to credit cards, and can be used to shop online, but can be opened without the sort of checks wanted by banks when opening a current account.
These pre-paid debit cards are used to buy online gift cards. In turn, these gift cards are used to buy high-value electronics, such as iPhones or games consoles, which are sold at a discount – an iPhone 6S for $430 or an Xbox One for $240. That cash goes in the pocket. But how do these dark websites get the data? A significant source of stolen information, particularly in the US, is old-fashioned card-skimming: a compromised terminal or company employee on the take, who steals the details of a card in the process of completing a transaction.
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Just as common is the 21st-century equivalent: malware. This is the catch-all term for malevolent software that infects an individual’s computer to monitor communications for confidential information such as banking passwords, credit card details and social media logins. The data is uploaded to a central server where it is sold on or used to further spread the malware.The Gameover Zeus malware, disrupted by a joint UK-US operation in June 2014, was one such attack. This acted as a form of “ransomware”, encrypting the infected computer and demanding payment in bitcoin to release the data.
The third major source of data for sale is large-scale hacks, of the type that was flagged by telecoms operator TalkTalk on 23 October. Sometimes the stolen information can be used directly, especially where the company has irresponsibly stored credit card data or passwords on their servers in plaintext; or it may be used as the first step in stealing someone’s identity, where information from two or more hacks is linked to build a profile that can be used to apply for bank accounts or credit cards.
The information you steal may not be worth much. A maxed-out credit card isn’t terribly valuable. A PayPal account with three dollars in it isn’t worth much.
Plus, there are people like me. If I get a fake PayPal email, I’ve been known to sit there and type fake usernames and passwords into the phony site, to junk up the scammer’s list with bogus information that the scammer has to waste time checking.Using stolen credit card or PayPal information is high-risk, high-reward. It’s very, very hard to do without getting caught. You need experience, a plan for moving the money, and it helps to live in a jurisdiction that makes it unlikely you can be traced or prosecuted (such as Eastern Europe).
Using the stolen information is most often something done by organized crime. Often, they’ll use a network of dupes as “mules” to transport the stolen money.If you’ve ever received a spam email saying something like “we are looking for representatives in your country to act as business brokers for our company, handling business transactions for us,” that’s what that’s all about. You’re being recruited as a mule.
The organized crime gang transfers money into your bank account from stolen PayPal accounts or credit cards. They tell you to keep a percentage, then take out a cashier’s check for the rest and send it to another country, one with no extradition. They cash the cashier’s check and disappear. A few months later, the FBI arrives at your door. You are arrested for money laundering, receiving stolen money, wire fraud, and criminal conspiracy. You say “But I didn’t know I was breaking the law! I had no idea the money was stolen!” The FBI guys sigh and shake their heads. You go to prison.If you don’t have a network of mules waiting to help you transfer the money, attempting to use the stolen information is very dangerous, and you’ll likely be caught.
Public Last updated: 2023-03-20 09:05:15 AM