New Study Links Financial Hacking To Organized Crime

April 21, 2009

US (ChattahBox) – Organized crime has moved into the technological age, as a study by Verizon finds that 90% of record exposure done by hackers in recent years has been connected to organized criminal groups.

Not only has it become easier for black market sales of credit card information to take place, but according to the study, it is also much cheaper, with prices down from around $15.00 per record to less then $1.00 per record, a drastic increase since 2004.

Last year an unprecedented number of attacks occurred, with malware being used in most cases to breach security at financial firms. Over 285 million records were stolen, more then in the past five years combined.

Quite a bit of these problems can be traced back to malware designed to pick up your PIN, making it simpler to use credit and debit cards, and making it a highly profitable business on the black market.

Via: PCWorld


One Response to “New Study Links Financial Hacking To Organized Crime”

  1. Old Man Dotes on April 21st, 2009 2:04 pm

    Well, duh! We needed a “study” to prove this?

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