Feeds

ID profiles worth far more than credit card details to crooks

Follow the money

SANS - Survey on application security programs

Identity profiles are worth far more on the digital underground than credit card details.

Gunter Ollmann, a security researcher in the ISS security division of IBM, discovered that a list of 2,000 credit card details (including CVV2 codes and magstripe data) is worth about the same as 40 standard identities (ie name, address, phone number, social security number, and date of birth).

Complete banking identities - including full contact information, mother's maiden name, bank account number, and account password – can be worth eight times as much as standard identity details, depending on the bank. Although stolen credit card details rapidly go out of date, the same is not true for identities which are, of course, much harder to cancel.

"Identity" itself is now a form of currency, according to Ollmann, who reports that it's more common for identity information to be traded rather than sold.

One growing form of trade involves the login credentials to porn sites. Crooks may pay $250 for a batch of 7,000 logins. The logic of the purchases has little to do with porn sites themselves, but rather that people tend to use the same passwords for a range of different sites.

That also means hackers who break into a low-profile site to gain password credentials can use these identities to mount brute force attacks on more useful sites. Or sell login credentials onto third parties interested in attacking ecommerce or banking sites.

"Given the way new sites are springing up and how many passwords we're all expected to remember, I expect this attack vector to become more popular and more successful. Similarly, I'd expect the proliferation of these underground exchanges to increase and the price per password to fall over time," he writes. ®

High performance access to file storage

More from The Register

next story
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Putin tells Snowden: Russia conducts no US-style mass surveillance
Gov't is too broke for that, Russian prez says
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
Mounties always get their man: Heartbleed 'hacker', 19, CUFFED
Canadian teen accused of raiding tax computers using OpenSSL bug
Heartbleed exploit, inoculation, both released
File under 'this is going to hurt you more than it hurts me'
Arts and crafts store Michaels says 3 million credit cards exposed in breach
Meanwhile, Target investigators prepare for long process in nabbing hackers
Canadian taxman says hundreds pierced by Heartbleed SSL skewer
900 social insurance numbers nicked, says revenue watchman
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.