Underground Economy doing well

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	Underground Economy doing well

Fast T friend

11-25-2008 4:52 AM

244 views

tags:

economy, fraud, stolen, credit, card, underground

Fast T friend says:

If criminals snagged $350 worth of goods out of each credit card on offer, the potential total worth of the online market would be $5.3 billion, according to the report (.pdf). If scammers could get $40,000 out of each bank account, then some $1.7 billion worth of bank accounts were on offer.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/ecf23f21-f770-47da-bc84-2ff39fdeaf97/C13DD084-FB14-4CAF-91C0-79070405C7B9/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blog.wired.com/27bstroke6/2008/11/the-nets-underg.html" href="http://blog.wired.com/27bstroke6/2008/11/the-nets-underg.html" style="font-size: 11px;">blog.wired.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.wired.com/27bstroke6/2008/11/the-nets-underg.html"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/blog.wired.com/img/96F63089-E333-41F6-A94C-E2F54552C730" alt="Symantec_crime_chat" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.wired.com/27bstroke6/2008/11/the-nets-underg.html"><P>The net's underground economy in stolen credit cards and phished bank-account logins remained healthy over the last year, despite continued high-profile takedowns of online criminal marketplaces, according to a report on the underground economy released Monday by Symantec security researchers.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.wired.com/27bstroke6/2008/11/the-nets-underg.html"><P>Some $276 million worth of credit cards, bank account info, security exploits and hacker tools were up for sale on online web forums and internet relay chat channels, or IRC, that Symantec monitored from July 2007 to June 2008.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.wired.com/27bstroke6/2008/11/the-nets-underg.html"><P>While that's a far cry from the <A href="http://blog.wired.com/27bstroke6/2007/09/cybercrime-more.html">fictitious $100 billion annual cybercrime figure</A> often used to fan fears of online crime, the figure shows that the underground market in stolen credit cards and bank accounts remains robust, despite the increasing proficiency of law enforcement groups in taking down high-profile figures in the 'carder' community.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C13DD084-FB14-4CAF-91C0-79070405C7B9/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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