We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Stolen credit cards net cybercriminals £3.3bn

Card details make up 31% of online black market

Cybercriminals have gained access to over $5bn (£3.35bn) through stolen credit card details says Symantec.

The security firm undertook a year-long study of the internet's black market and discovered that stolen credit card details accounted for 31 percent of the goods on offer while stolen bank details accounted for another 20 percent.

On average, $350 (£234) worth of purchases are made by cyber criminals using a stolen credit card details. Symantec simply multiplied this by the number of card details available to estimate how much cybercriminals are making through their illegal activities. Bank accounts were estimated to be worth around $1.7bn (£1.1bn) to the cyber criminal community.

"Today's cybercriminals are thriving off information they are gathering without permission from consumers and businesses," said Stephen Trilling, vice president, Symantec Security Technology and Response.


IDG UK Sites

Best Black Friday 2014 tech deals: Get bargains on smartphones, tablets, laptops and more

IDG UK Sites

What the Internet of Things will look like in 2015: homes will get smarter, people might get fitter

IDG UK Sites

See how Trunk's animated ad helped Ade Edmondson plug The Car Buying Service

IDG UK Sites

Yosemite tips: Complete Guide to OS X Yosemite