Category Archives: Stas Alforov

Russian Govt. Continues Carding Shop Crackdown

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Russian authorities have arrested six men accused of operating some of the most active online bazaars for selling stolen payment card data. The crackdown — the second closure of major card fraud shops by Russian authorities in as many weeks — comes closely behind Russia’s arrest of 14 alleged affiliates of the REvil ransomware gang, and has many in the cybercrime underground asking who might be next. Continue reading Russian Govt. Continues Carding Shop Crackdown→

‘ValidCC,’ a Major Payment Card Bazaar and Looter of E-Commerce Sites, Shuttered

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ValidCC, a dark web bazaar run by a cybercrime group that for more than six years hacked online merchants and sold stolen payment card data, abruptly closed up shop last week. The proprietors of the popular store said their servers were seized as part of a coordinated law enforcement operation designed to disconnect and confiscate its infrastructure. Continue reading ‘ValidCC,’ a Major Payment Card Bazaar and Looter of E-Commerce Sites, Shuttered→

Is Your Chip Card Secure? Much Depends on Where You Bank

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Chip-based credit and debit cards are designed to make it infeasible for skimming devices or malware to clone your card when you pay for something by dipping the chip instead of swiping the stripe. But a recent series of malware attacks on U.S.-based merchants suggest thieves are exploiting weaknesses in how certain financial institutions have implemented the technology to sidestep key chip card security features and effectively create usable, counterfeit cards. Continue reading Is Your Chip Card Secure? Much Depends on Where You Bank→

COVID-19 ‘Breach Bubble’ Waiting to Pop?

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The COVID-19 pandemic has made it harder for banks to trace the source of payment card data stolen from smaller, hacked online merchants. On the plus side, months of quarantine have massively decreased demand for account information that thieves buy and use to create physical counterfeit credit cards. But fraud experts say recent developments suggest both trends are about to change — and likely for the worse. Continue reading COVID-19 ‘Breach Bubble’ Waiting to Pop?→

How Cybercriminals are Weathering COVID-19

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In many ways, the COVID-19 pandemic has been a boon to cybercriminals: With unprecedented numbers of people working from home and anxious for news about the virus outbreak, it’s hard to imagine a more target-rich environment for phishers, scammers and malware purveyors. In addition, many crooks are finding the outbreak has helped them better market their cybercriminal wares and services. But it’s not all good news: The Coronavirus also has driven up costs and disrupted key supply lines for many cybercriminals. Continue reading How Cybercriminals are Weathering COVID-19→

Data: E-Retail Hacks More Lucrative Than Ever

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For many years and until quite recently, credit card data stolen from online merchants has been worth far less in the cybercrime underground than cards pilfered from hacked brick-and-mortar stores. But new data suggests that over the past year, the economics of supply-and-demand have helped to double the average price fetched by card-not-present data, meaning cybercrooks now have far more incentive than ever to target e-commerce stores. Continue reading Data: E-Retail Hacks More Lucrative Than Ever→