Black markets: the sale and purchase of stolen credit card details online
- One group may steal credit card details and sell these details online, using anonymous markets. Market prices will be relatively low per card, but the seller is guaranteed a payment regardless of whether fraud succeeds against that card.
- Other groups will specialise in monetising card details in different ways. Some groups will buy goods with the card details and then sell these goods. Some will make payments as part of larger frauds, and some people will simply buy card details as a cheap way to obtain expensive goods and services for themselves.
- Card details can be sold online in a way that is relatively safe for both the buyers and sellers. The use of anonymity services and anonymous payment methods like Bitcoin (we will explore this in more detail later this week) can result in transactions where even the buyer and seller are unaware of each other’s real identity.
What is it worth?British card details have been found for sale at prices as low as £98 per hundred cards. In more lucrative niche markets, the cost is as high as £47 per card. US card details have typically been found to be available at cheaper prices then British, European, Australian or Canadian card details. These price differences may be related both to the relative difficulty of using the card details and the relative difficulty of obtaining them.
Cyber Security: Safety at Home, Online, in Life
Our purpose is to transform access to education.
We offer a diverse selection of courses from leading universities and cultural institutions from around the world. These are delivered one step at a time, and are accessible on mobile, tablet and desktop, so you can fit learning around your life.
We believe learning should be an enjoyable, social experience, so our courses offer the opportunity to discuss what you’re learning with others as you go, helping you make fresh discoveries and form new ideas.
You can unlock new opportunities with unlimited access to hundreds of online short courses for a year by subscribing to our Unlimited package. Build your knowledge with top universities and organisations.