A Credit Card Black Market

By   ISBuzz Team
Writer , Information Security Buzz | Mar 12, 2014 03:58 am PST

The massive Target credit card breach continues to make headlines as Target executives testify to Congress, and lawmakers try to (unsuccessfully) engineer legislation to prevent this sort of thing from happening again. However, what’s been lost amidst the bluster is another important question: what exactly happened to those 40 million compromised credit cards? How do they get packaged up and sold? How sophisticated are these markets?

As part of the company’s total fraud protection platform, Easy Solutions closely monitors these illicit marketplaces. To help raise industry awareness, this report provides a guided tour of the shadowy world of the black market credit card sites, and exposes one of these sites – Valid Shop. It demonstrates what it looks like when an individual’s credit card information is made available, how criminal syndicates bundle and price stolen credit card data, and how surprisingly professional these sites can be. Now exposed, this black market will be no more, and criminals will move on to others out there.

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Easy Solutions delivers Total Fraud Protection® to over 150 clients, with over 40 million end users. The company’s products protect against phishing, pharming, malware, Man-in-the-Middle and Man-in-the-Browser attacks, and deliver multi-factor authentication and transaction anomaly detection. For more information, visit http://www.easysol.net, or follow us on Twitter @goeasysol.

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