August 24, 2016
Report: PayPal, Uber Account Info Most Valuable to Hackers and Fraudsters
Jan. 25, 2016
Another recent report has underscored the fact that payment card information is falling out of favor as a target of hackers, while account information continues to become more attractive. Research by Dallas-area security firm Trend Micro found that stolen credit-card information available on “deep Web” sites were selling for 22 cents per record, while account information from Uber averages $3.78 per account, Facebook accounts sell for $3.02 on average and Netflix information goes for 76 cents.
The new information, commissioned by business cable network CNBC, confirms what e-commerce merchants, banks and other companies have been seeing over the past 18 months. Fraud departments have been reporting a sharp increase in account takeover and account creation fraud. And, the information needed to fuel that trend is account information and PII. The more popular those types of fraud, the more it costs thieves to obtain the information that will enable them.
Still, while payment card information is less popular and less expensive than it used to be, account information from a payment company was the most valuable disclosed in the CNBC report. PayPal accounts, Trend Micro found, with a guaranteed balance in excess of $500 sold for an average of $6.43 per account.