Cybercriminals can take a class on stealing credit cards

Your credit card information is valuable, and for criminals who want to learn how to find and use it -- there's a class for that. Security firm Digital Shadows discovered the cybercrime class taught by five instructors and sold on a deep web forum. Digital Shadows estimates $24 billion will be lost to credit card fraud next year. Criminals can also take emails and passwords leaked from other data breaches, and test them on banking websites. According to Digital Shadows, the course recommends visiting one of six different sites to get credit card data. On two of those forums, more than 1.2 million card numbers were advertised for sale -- nearly half of them in the U.S. CNN Tech is not publishing the names of the sites on the deep web where criminals can buy credit cards. Barbosa helped prosecute Roman Valerevich Seleznev, one of the world's most notorious carders. Seleznev stole millions of credit card numbers and sold them to other criminals. Seleznev trained fraudsters on how to use stolen credit cards to increase demand for the product he stole. His training, though more rudimentary than the lectures discovered by Digital Shadows, helped boost his own business.
My hack stole your credit card

Your credit card information is valuable, and for criminals who want to learn how to find and use it — there’s a class for that.

One six-week program, taught in Russian, includes lectures on finding legitimate credit card data for sale and hacking into PayPal accounts.

Security firm Digital Shadows discovered the cybercrime class taught by five instructors and sold on a deep web forum. The class was revealed in research published Wednesday investigating credit card fraud and a criminal activity called “carding,” or stealing and using payment card data.

“The curriculum and rigor associated with it is not like most of the training materials that are out there,” Rick Holland, vice president of strategy at Digital Shadows, told CNN Tech. It’s more in-depth than other trainings, like PDFs that criminals can buy much cheaper.

The class, which costs about $945 with the materials, consists of 20 different lectures and allows the students to chat with the instructors.

carding russia forum
An ad for the carding course, translated into English from Digital Shadows.

Carding is a popular type of cybercrime. Thieves will steal credit card data from insecure databases, by hacking into companies or just buying it on the dark web on hidden sites you wouldn’t find with a Google search. Digital Shadows estimates $24 billion will be lost to credit card fraud next year.

Criminals can also take emails and passwords leaked from other data breaches, and test them on banking websites. For instance, credentials from LinkedIn, Dropbox, and Adobe have previously been leaked online.

According to Digital Shadows, the course recommends visiting one of six different sites to get credit card data. On two of those forums, more than 1.2 million card numbers were advertised for sale — nearly…

Tags from the story
,
Written By
More from Industry News

Hackers Take Down Entire DNS For Brazilian Bank

Author: Kevin Bocek / Source: Information Security Buzz Details have emerged as to how...
Read More

Leave a Reply

Your email address will not be published. Required fields are marked *