Just In
- 1 hr ago Qubo InstaView Video Door Phone Launched in India: Check Price, Features
- 1 hr ago OnePlus Watch 2 New Nordic Blue Colour Option Launched; Here’s How Much It Costs
- 1 hr ago Dell Alienware x16 R2 Launched in India With up to Intel Core Ultra 9 SoC & RTX 4090 GPU – Check Price, Specs
- 2 hrs ago WhatsApp Introduces Passkey Support for Enhanced Security on iOS – Here’s How To Set It Up
Don't Miss
- Movies Heeramandi First Review: Sanjay Leela Bhansali’s Period Drama Is Special & Mesmerising; Deets Inside
- News Tamil Nadu Weather Update: Minimal Change, Still Hot Across Interior
- Automobiles Global NCAP Lauds Tata Motors - A 5-Star Journey
- Finance Gold Prices Ayodhya: In Ram-Janma-Bhumi, 24carat Falls By Rs 380 In 10-Grams, Drops By Rs 3,800 In 100-gram
- Sports SRH vs RCB My11Circle Prediction IPL 2024 Match 41: HYD vs BLR Fantasy Tips & Expert Picks
- Education JEE Main Result 2024 Out, Check Category- Wise Toppers' List Here
- Lifestyle Heeramandi Screening: Alia Bhatt, Ananya Panday, Rashmika Mandanna And Others Serve Finest Ethnic Style!
- Travel Escape to Kalimpong, Gangtok, and Darjeeling with IRCTC's Tour Package; Check Itinerary
Cyber thieves selling your information for millions: Researchers
Cyber thieves who steal credit and debit card numbers are selling your information for millions of dollars, a team of researchers has warned.
Thomas J Holt, Michigan State University criminologist and lead investigator of one of the first scientific studies to estimate cybercrime profits, said the findings should be a wake-up call for consumers and law enforcement officials.
SEE ALSO: 5 apps to record phone calls on your Android Smartphone
"In the past two years, there have been hundreds of data breaches involving customer information, some very serious like the Target breach in 2013. It is a real economic phenomenon that has real economic impact and consequences," said Holt, associate professor of criminal justice.
For the results, Holt and fellow researchers analysed online forums in English and Russian where criminals sold stolen financial and personal information, often in batches of 50 or 100. On average, a batch of 50 stolen credit or debit cards can make a seller between about $250,000 and $1 million.
Although, buyers, in turn, assume more risk of getting caught but if they succeed in using the information, they could make between $2 million (if only 25 percent of the cards worked) and nearly $8 million (if all cards worked).
"If we do not understand the scope of this problem, if we just treat it as a nuisance, then we are going to enable and embolden this as a form of crime that would not stop," Holt noted in a paper published in the journal Deviant Behavior.
SEE ALSO: 5 Steps to getting your computer files organized
Ultimately, Holt said he hopes to help protect consumers from the potentially disastrous effects of identity theft and credit fraud. "My goal is make people cognizant of just how much their personal information means, how much value there is," Holt said, adding that "if we don't understand the scope of this problem, if we just treat it as a nuisance, then we're going to enable and embolden this as a form of crime that won't stop."
Source IANS
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
11,999
-
16,026
-
14,248
-
14,466
-
26,634
-
18,800
-
62,425
-
1,15,909
-
93,635
-
75,804