Thursday, December 2, 2010

The low value of stolen credit card numbers

A glut of stolen data — combined with innovation and cutthroat competition among vendors — is conspiring to keep prices for stolen [credit card] 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.
--Brian Krebs, KrebsonSecurity, on comfort if you believe that marginal price = marginal benefit. HT: Gizmodo

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