Cyber criminals 'selling credit card details online for as little as £1.67' -TEISS® : Cracking Cyber Security

Finance / Cyber criminals ‘selling credit card details online for as little as £1.67’

Cyber criminals ‘selling credit card details online for as little as £1.67’

Cyber criminals are selling Britons' stolen credit and debit card details on a site where information is available for as little as £1.67, according to reports.

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The Telegraph said data on around 100,000 Britons and a million people from around the world are available on the site, which is on the open internet.

This is noteworthy because websites dedicated to criminal activity are usually hidden on the dark web to evade the efforts of law enforcement agencies.

It is estimated that the site, Bestvalid.cc, has been operating since at least June last year.

Chairman of the home affairs select committee Keith Vaz said the National Crime Agency “must act immediately” to get the website shut down.

But a recent report revealed that credit and debit card numbers are not the most valuable pieces of personal information that cyber criminals can get their hands on.

Last month, research by Trend Micro showed that US credit card details sell for an average of 22 cents on the dark web, while a PayPal account with a $500 balance can make $6.43 and even Netflix usernames and passwords can go for 76 cents.

Despite the cyber threat, many consumers are not taking even simple steps to secure their financial data, which is often stored on unsecured digital devices.

Kaspersky Lab research recently showed that 28 per cent of users store such details – including bank details, payment credentials and PIN codes – on their devices.

But 17 per cent do not have password protection or a security solution installed.


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