The Stolen Credit Data Market
It is hard to believe there is a stolen credit data market that is able to operate over the internet. You would think that these types of operations would operate solely as small cells or through organized crime. E-Commerce News posting, Market for Stolen Credit Data Thrives Online provides compelling information that there is actually an open market where people buy and sell stolen credit data information.
The key players in the stolen credit data market consists of hackers and phishers that sell credit data and then traditional criminals that buy the credit data that they then convert into fraudulent credit card transactions. There are also fringe and service providers that support the stolen credit data market. There are spammers and mailing list providers that are contracted by phishers to send out phishing scam e-mailing. Hackers are contracted by criminals to retrieve credit data from unsuspecting systems. I would assume there are several players on the buyers side that convert credit data into credit cards, bank accounts, and credit lines. Then there are others that create counterfeit drivers’ licenses, passports, and Social Security cards to support the procurement of financial accounts using stolen credit data.
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