The closure of the Joker’s Stash cybercrime forum put a lasting dent in the overall market for stolen payment-card data on the dark web, researchers say, amid other factors complicating business for crooks aiming to trade in illicit credit or debit card information. From mid-2020 to mid-2021, the value of the “carding” market fell to $1.4 billion, compared $1.9 billion during the same period a year earlier, according to cybersecurity company Group-IB, which attributes the shrinkage largely to the disappearance of Joker’s Stash. The FBI and Interpol disrupted the market’s digital infrastructure in December 2020, and by February 2021, it had shut down. The site hosted data dumps from all over the globe, including U.S. restaurant patrons and Indian bank customers. Criminal groups like the gang known as FIN7 knew they would find customers on the forum. (Those customers quickly scattered to myriad other sites.) While the market shift happened, […]
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