funsec mailing list archives
Re: Report: 21M German Bank Account Details On Black Market
From: "Tomas L. Byrnes" <tomb () byrneit net>
Date: Sun, 7 Dec 2008 15:27:39 -0800
Methinks they are pricing a bit high. Even assuming that you could get away with the maximum amount of fraud from all 21 million IDs, I doubt you would see 570K Euros, on average, return per compromise. That isn't even allowing for the risk premium or even a small profit. I would put the FMV of this file at somewhere around 100 Euro per, or 1/5000th the asking price. That's assuming it's worth as much as a Yahoo eyeball. Even that is pushing it, since there isn't much "recurring revenue" in identity theft and bank account compromise. Either the credit goes to hell in a handbasket quickly, or the ID gets flagged, often both. Not to say I'm advocating criminality, but it appears that the criminals haven't caught up to the "mark to market" the rest of us are dealing with. Clearly sensationalism, as are most economic measures of "CyberCrime".
-----Original Message----- From: funsec-bounces () linuxbox org [mailto:funsec-bounces () linuxbox org] On Behalf Of Paul Ferguson Sent: Sunday, December 07, 2008 12:31 PM To: funsec () linuxbox org Subject: [funsec] Report: 21M German Bank Account Details On Black Market -----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 Via Breitbart.com (AFP). [snip] The details of bank accounts held by 21 million Germans are for sale on the black market for 12 million euros (15 million dollars), a German magazine reported Saturday. In an investigative report, two reporters for the Wirtschaftswoche magazine met last month with two individuals, arranged through an intermediary, who offered to sell a CD-ROM containing the names, addresses, bank name and account numbers of 21 million people, the magazine said. "We took away with us the first delivery, a CD with 1.2 million accounts, that we couldn't imagine," said the editors in charge of the investigation, which has caused an uproar in Germany. The economic weekly has given authorities the file, which supposedly would allow someone to commit fraud on a large scale. [snip] More: http://www.breitbart.com/article.php?id=081206224148.ie9uiizl Hat-tip: http://www.pogowasright.org/article.php?story=20081207100924522 - - ferg -----BEGIN PGP SIGNATURE----- Version: PGP Desktop 9.6.3 (Build 3017) wj8DBQFJPDKJq1pz9mNUZTMRAmKiAKDT9BTPLj5zm3DLn1UjxM1ZBy2PDQCfdaZn hCnpBASfkkjXhcVpjxc5jA8= =PlvY -----END PGP SIGNATURE----- -- "Fergie", a.k.a. Paul Ferguson Engineering Architecture for the Internet fergdawgster(at)gmail.com ferg's tech blog: http://fergdawg.blogspot.com/ _______________________________________________ Fun and Misc security discussion for OT posts. https://linuxbox.org/cgi-bin/mailman/listinfo/funsec Note: funsec is a public and open mailing list.
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Current thread:
- Report: 21M German Bank Account Details On Black Market Paul Ferguson (Dec 07)
- Re: Report: 21M German Bank Account Details On Black Market Tomas L. Byrnes (Dec 07)