How Credit Card Data Is Stolen and Sold (fwd)

[security curmudgeon <jericho () attrition org>]

---------- Forwarded message ----------
From: InfoSec News <alerts () infosecnews org>

http://bits.blogs.nytimes.com/2011/05/03/card-data-is-stolen-and-sold/

By NICK BILTON
Bits - The New York Times
May 3, 2011

Last week, after the Sony PlayStation Network was attacked by a group of 
unknown hackers, Sony?s 77 million customers, along with security 
specialists and government officials, were surprised by the amount of 
information that might have been stolen from the company.

But there was another group that worried about the attack: other hackers 
who steal credit card numbers and personal identity online and then sell 
and trade this information in underground markets.

?We?re keeping a close eye on the Sony story as it would drastically 
affect the resale of other cards,? explained an experienced hacker based 
in Europe who declined to share his name due to the nature of his work.

Kevin Stevens, senior threat researcher at the computer security firm 
Trend Micro, explained in an interview last week that there was a lot of 
discussion taking place in hacker forums about the Sony data breach. 
Several credit card dealers are worried that the distribution of millions 
of credit cards would flood the market and lower prices, he said.

[...]
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