Colin Mc Hugo

0 %
Colin Mc Hugo
Security Engineer Manager & CEO at Quantum Infinite Solutions Group Ltd.
  • Residence:
  • County:
  • Country:
Cyber Security Incident Response
Management & Architecture of Cyber Security Teams
Solutions & Coaching
  • Cyber Security Incident Response
  • Management & Architecture of Cyber Security Teams
  • Solutions
  • Training & Coaching

$38 million worth of gift cards stolen and sold on dark web

April 8, 2021

Straightforward to redeem and exhausting to hint, reward playing cards stay a sizzling commodity within the felony underground

A cybercriminal has bought nearly 900,000 reward playing cards and over 300,000 cost playing cards on a top-tier cybercrime forum on the dark web. The overall worth of the playing cards was claimed to be some US$38 million. The hacker in all probability gained entry to the information by compromising the backend infrastructure of a present card market.

In accordance with a report by fraud intelligence agency Gemini Advisory, the stolen playing cards originated from a 2019 breach of a web based low cost reward card market that has since gone offline. “Because the cost playing cards have been stolen from a present card retailer and each the cost playing cards and reward playing cards have been bought by the identical actor, Gemini assesses with average confidence that the reward playing cards provided on the market have been additionally stolen throughout the breach of,” the corporate mentioned. Since they’re simple to redeem and difficult to trace, reward playing cards are an more and more standard goal for fraud.

One of many firm’s analysts noticed provides to promote the playing cards in bulk on the Russian-language discussion board in February 2021. Whereas the actor behind the sale didn’t reveal how they obtained the playing cards or what their origins have been, they did disclose that the loot contained greater than 3,000 brand-name reward playing cards from as many corporations, together with Airbnb, Amazon, Nike, Marriott, Walmart, and others. The menace actors arrange an public sale with the bidding beginning at US$10,000 and a purchase now worth of double the preliminary bidding worth. The database was bought inside a couple of moments of being posted.

RELATED READING: Tips for buying and sending gift cards

Gemini Advisory identified that the reward playing cards bought for an unusually low quantity: “Usually, compromised reward playing cards promote for 10% of the cardboard worth at midnight net; nonetheless, the 895,000 playing cards provided from the breach have been priced at roughly 0.05% of the cardboard worth.” Though which may be chalked as much as the hacker overstating the overall worth, it’s extra possible that the worth accounts for the truth that a sizeable variety of the playing cards wouldn’t work or have a low stability.

A mere day after promoting the reward playing cards, the identical cybercriminal provided to promote 330,000 cost and debit playing cards on the identical on-line hacking discussion board. In accordance with the posting, the data included the victims’ billing deal with and partial cost card knowledge equivalent to the cardboard quantity, its expiration date, and the issuing financial institution’s identify. Nevertheless, the Card Verification Worth (CVV) and the cardholder’s identify weren’t included.

RELATED READING: How much is your personal data worth on the dark web?

The preliminary bidding worth was set for US$5,000 however the playing cards might be bought outright for triple the quantity. Though this database bought slower than the reward playing cards, it was nonetheless bought by one other get together inside a couple of days.

Whereas unnamed, the hacker behind the breach is a recognized entity that has been lively since 2010 and has been noticed to supply cost card knowledge, compromised databases, and the personally identifiable knowledge of US residents.

Posted in SecurityTags:
Write a comment