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09May

E-retail theft is a lucrative business 

Traditionally, payment credentials stolen from brick-and-mortar stores were able to command a higher price on the Dark Web than card-not-present data (also known as CNP). However, it seems like the market dynamics have recently shifted, as this information is now being used to target online retailers.

Consequently, the demand for these credentials is far outpacing supply, driving up the price. The economics can be explained by the recent US migration towards chip-based payment cards, which offer a superior level of fraud protection for in-store purchases.

Such news has broad implications for both consumers and companies operating in today’s digital ecosystem. Security has to be a constant priority, since payment trends will give way to new threats, and tomorrow’s vulnerabilities will not be the same as those existing today. In order to keep a continuous pulse on your employee and customer data, consider partnering up with an MSP that implements proactive Dark Web monitoring (like ours).

https://krebsonsecurity.com/2019/04/data-e-retail-hacks-more-lucrative-than-ever/

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