Underground Markets Online: Criminals Test Stolen Card Data on Charity Websites
Cybercriminals have been making generous donations to the charity organization as a way of verging stolen credit data and pushing up sales in dark web online bazaars. Researcher at PhishLabs unearthed an automated card verification bot that make it easier for underground carders to ascertain the value of stolen card data.
Black Friday and Cyber Monday weekends mean good business to both retailers and online skimmers. It’s the time of the year when shoppers will empty their bank accounts on Amazon. On the other side, some reports suggest that shoppers could possibly have them swiped clean by criminals in underground markets. What many don’t know is that their stolen card data will be used to make “generous” donations to charity originations, an antic used by cyber criminals to verify the value of the card according to researchers at PhishLabs.
Over the years, underground online markets have grown in size and sophistication such that stolen cards data is now traded in a similar model, just like you would list products on mainstream online store such as eBay or Amazon.
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