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Blog Posted in avatar   David Silverberg's Blog

Your credit card info is worth merely 40 cents

By David Silverberg
Posted Apr 10, 2008 in Business
Identity theft is a hot topic these days (well, it's always been on the mind of people) but news has come out about the value of stolen personal info.
According to Marketplace, stolen credit card information was sold for as little as 40 cents. Full bank credentials? Available for merely $10.
Why so cheap? A Symantec rep is quoted as saying:
Some credit cards in the U.S. are easy to get, other European countries, not so easy to get, and that affects the price they're charged, just like a regular economy.
As cyber-attacks have increased, prices have dropped, in true supply-and-demand fashion.