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2008/05/09

Higher Quality info will cost you - Black Market Economics

Check out the McAfee Avert blog for look at the black market for banking information. Accounts with high balances cost more, but have guarantees:

For such prices, the seller offers some guaranties. For example, the purchase is covered by replacement, if you are unable - within the 24 hours - to log into the account using the provided details.

So now the banks know how long they have to spot a compromised account to drive the profits out of the black market.

Hat tip Johannes Ernst

Category(s): Security and Economics; Phishing and Fraud

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Recent Changes: My keyboard is not a US keyboard and my passphrase is not being accepted May 12, 2008; Two-Factor Authentication Partners May 09, 2008; Higher Quality info will cost you - Black Market Economics May 09, 2008; PAM Radius HOW TO May 09, 2008; Appease the gods of identity by buying WiKID or at least sacrifice a goat May 08, 2008; All recent changes…

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