Skyrocketing Bitcoin Fees Hit Carders in Wallet

Credit to Author: BrianKrebs| Date: Tue, 26 Dec 2017 14:55:14 +0000

Critics of unregulated virtual currencies like Bitcoin have long argued that the core utility of these payment systems lies in facilitating illicit commerce, such as buying drugs or stolen credit cards and identities. But recent spikes in the price of Bitcoin — and the fees associated with moving funds into and out of it — have conspired to make Bitcoin a less useful and desirable payment method for many crooks engaged in these activities.

Read more

The Market for Stolen Account Credentials

Credit to Author: BrianKrebs| Date: Mon, 18 Dec 2017 19:13:53 +0000

Past stories here have explored the myriad criminal uses of a hacked computer, the various ways that your inbox can be spliced and diced to help cybercrooks ply their trade, and the value of a hacked company. Today’s post looks at the price of stolen credentials for just about any e-commerce, bank site or popular online service, and provides a glimpse into the fortunes that an enterprising credential thief can earn selling these accounts on consignment.

Read more