Online Cyber Crime “Supermarkets” Offer Special Deals

Online Cyber Crime “Supermarkets” Offer Special Deals: Buy-One-Get-One-Free On Stolen Identities And Bank Accounts Available Now

Core Facts
• What is the value of a UK identity? – Symantec, today announces that UK identities are being bought and sold in bulk-buy special offers on “cyber crime supermarket” style underground economies, according to the latest edition of its Internet Security Threat Report - Volume XIII.

• The bi-annual global report found that UK bank account details are being sold on underground economy servers for as little as

£5, and are the most commonly advertised item for sale on these “cyber supermarket” black market forums used by criminals to advertise and trade stolen information and services.

• Where you live also indicates how attractive your identity is to cyber criminals as the report found that EU identities are in much higher demand, being traded at prices 50 per cent higher than American identities. This is because of the flexibility of their use, since EU citizens are able to travel and conduct business freely throughout Europe making them useful to attackers who can use the identities easily across borders.

• The Internet Security Threat Report also found that the higher the bank balance, the more lucrative it will be when sold on the cyber supermarket, with high value business accounts advertised for considerably more than lower balanced consumer ones. Bank accounts that bundled in personal information such as names, addresses and dates of birth were advertised at higher prices than those without this extra information – indicating how identity thieves are adopting a ‘buy-one-get-one-free’ philosophy.

• The Symantec report also found that cyber crime is becoming increasingly sophisticated and personalised, with an increase in attacks on the end-user consumer. When it comes to trading, identities have now become a commercial commodity with Symantec observing a new phenomenon of bulk-buying of confidential consumer data – where personal details are packaged up in bargain bundles. For example, during the last six months of 2007, Symantec observed bundles of 50 credit card numbers for sale at £20 (£0.40 each), and 500 credit card bundles for £100 (£0.20 each).