The security company Symantec announced the cash to pay the scale of fraud identified in the analysis of underground Internet economy.
The credit card numbers were the most popular subject of selling on the Internet with a value equal to 31% of the value of all items sold on the Internet .. In second place are the details of bank accounts usually illegally moving into online discussions channels.
The company added that many of the cards sold already canceled and many bank accounts were closed, but added that the figures are indicative of the value of this underground economy and the possible evolution of this market.
The credit card numbers are particularly popular among illegal groups because of their ease of acquisition. The methods vary, with attacks on databases and phishing to be the main methods.
Revenues from credit card fraud have reached five billion dollars, according to new research.
The credit card numbers were the most popular subject of selling on the Internet with a value equal to 31% of the value of all items sold on the Internet .. In second place are the details of bank accounts usually illegally moving into online discussions channels.
The company added that many of the cards sold already canceled and many bank accounts were closed, but added that the figures are indicative of the value of this underground economy and the possible evolution of this market.
The credit card numbers are particularly popular among illegal groups because of their ease of acquisition. The methods vary, with attacks on databases and phishing to be the main methods.
Revenues from credit card fraud have reached five billion dollars, according to new research.
The investigation of Symantec confirmed the seriousness and magnitude of organized cyber-crime. Using secret channels of communication on the Internet, criminals forming loose alliances, communicate with others who specialize in specific techniques, or find people who can obtain money from credit cards or financial institutions.
The gangs of Russia and Eastern Europe seem to be better organized and able to issue their own false credit and debit cards. Instead, in the U.S. there are no coherent organizational structures. The report concludes by stressing that it is missing and organized crime in many cases, according to survey data.