26M Stolen Cards are Rescued by Hacker

26M Stolen Cards are Rescued by Hacker

Recently, BriansClub, one of the largest online marketplaces known for selling stolen card data, has been hacked. This data breach involved 26 million credit and debit cards stolen in the past 4 years from either online or brick-and-mortar retailers. This source came from a security researcher Brian Krebs, whose name and likeness have also been stolen and used by the administrators of BriansClub online store. According to the leaked data, BriansClub annually added a large number of card records for sale:

  • In 2015, 1.7 million card records are added
  • In 2016, 2.89 million card records are added
  • In 2017, 4.9 million card records are added
  • In 2018, 9.2 million card records are added
  • In 2019, 7.6 million card records are added until August

According to Brian Krebs, each stolen card record is valued $500, which represents the average loss per victim, in many federal hacking prosecutions involving stolen card records. In other words, the confirmed 9.1 million card records sold by BriansClub since 2015 lead to around $414,000,000 loss.

Allison Matyus from Digital Trends stated:

“While most hacks negatively impact people and compromise personal information, hacks like this result in justice served.”

 

Keep Yourself Away from Credit Card Fraud

There are many types of credit card scams such as hacked point-of-sale system, card processor breach, skimming, phishing, vhishing, online order scam, and lost or stolen cards.

Norton LifeLock stated:

“Under the Fair Credit Billing Act, the liability for unauthorized use of your credit card is no more than $50. If you report a missing debit (or ATM) card before someone uses it, you’re not responsible for unauthorized transactions. But if someone uses the card before you report it missing, your liability can be significant, depending on when you report it—from $50 to all the money taken from your accounts.”

 

Here are some suggestions for protecting against credit card fraud:

  • Carry the cards needed only
  • Damage old credit cards before dumping it
  • Check credit card statements on time
  • Call the credit card issuer immediately once the card is lost or stolen
  • Avoid sharing credit card number over the phone and giving out credit card number online unless the site is reputable and secure

 

Contact LIFARS Immediately if Your

Organization was Hit with a Data Breach

 

 


Credits:

https://krebsonsecurity.com/2019/10/briansclub-hack-rescues-26m-stolen-cards/

https://www.digitaltrends.com/news/briansclub-hack-rescues-26-million-credit-debit-card-data/

https://www.lifelock.com/learn-fraud-help-protect-yourself-from-credit-card-fraud.html