A high-tech black market for stolen credit card details in former Soviet countries is worth $680m

In the former USSR countries, criminal activities with stolen credit cards have created a market of $680,000,000. This accounts for 27 percent of the total high-tech crime market, says a report released by Russian cyber security firm Group-IB, covering the period from July 2013 and June 2014. The analysts say that today “Russian-speaking hackers are still one of the most important origins of global high-tech crime trends.” Among the analysts’ findings in regard to the black market for cards is that it currently looks like any other legitimate online market. Over the past years, it has become structured and “complete...

This story continues at The Next Web

The post A high-tech black market for stolen credit card details in former Soviet countries is worth $680m appeared first on The Next Web.

from The Next Web http://ift.tt/1qsaPWp

via IFTTT