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Hackonomics
From: InfoSec News <alerts () infosecnews org>
Date: Tue, 28 Oct 2008 03:07:13 -0600 (CST)
http://www.forbes.com/security/2008/10/25/credit-card-theft-tech-security-cz_tb1024theft.html By Taylor Buley Forbes.com 10.27.08 BURLINGAME, CALIF. - Your personal identity isn't worth quite as much as it used to be--at least to thieves willing to swipe it. According to experts who monitor such markets, the value of stolen credit card data may range from $3 to as little as 40 cents. That's down tenfold from a decade ago--even though the cost to an individual who has a credit card stolen can soar into the hundreds of dollars. The black market for personal data is even less transparent the market for derivatives and other unregulated financial instruments, but it works like any other market: When the supply of goods is plentiful, prices start to sink. And in spite of authorities' efforts to take down the markets that serve as clearing houses for other people's financial data, the black market in personal identity is flush with product. [...] __________________________________________________ Register now for HITBSecConf2008 - Malaysia! With a new triple-track conference featuring 4 keynote speakers and over 35 international experts, this is the largest network security event in Asia and the Middle East! http://conference.hackinthebox.org/hitbsecconf2008kl/
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