Know before you go: Heavy traffic expected this holiday weekend
Submit your Back to School photo and you may see it on TV! (CLICK HERE)

More bad news: Stolen credit cards from Target now on black market

By Chris O’Brien
L.A. Times

More bad news for folks who used their credit cards at Target during the holiday shopping season. Many of the 40 million credit cards that the company says were part of the data breach are already for sale on black markets around the world.

That report comes from KrebsonSecurity, the website run by cyber-security reporter Brian Krebs, who initially broke the story about the Target breach.

target

On Friday, Krebs posted another story detailing how he had tracked down phony cards made using information that was stolen as part of the Target data breach:

“Credit and debit card accounts stolen in a recent data breach at retail giant Target have been flooding underground black markets in recent weeks, selling in batches of one million cards and going for anywhere from $20 to more than $100 per card, KrebsOnSecurity has learned.”

On Thursday, Target confirmed that someone had hacked into its systems and had stolen 40 million debit and credit cards from stores across the country. The breach apparently lasted from Black Friday to Dec. 15.

As expected, the thieves are using that information obtained from those credit cards to make phony copies that are being sold on black market stores around the world, Krebs found.

At just one site that sells such counterfeit cards, Krebs helped one bank find 100 cards for sale that were made using information obtained from customers who were affected by the Target breach.

5 comments

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s