Cyber fraud totals $8 billion

Credit card and bank account criminals have ready access to $8 billion worth of fraud value in the global underground

Credit card and combination lock

marketplace, according to a new report on the underground economy by Symantec, a California-based data security company.

The one-year study, released just in time for the holiday shopping season, estimates that the value of total advertised goods available for sale on criminal servers is about $276 million.

Stolen financial accounts comprise 20 percent of the inventory, while stolen credit card numbers, which sell for between 10 cents and $25 per card, comprise 31 percent of total inventory in criminal servers.

North America has 45 percent of criminal underground servers, followed by Europe/Middle East/Africa at 38 percent. Online criminals from Latin America and Asia-Pacific conduct 5 percent and 12 percent of the world’s criminal activity, respectively.

From BizJournals

Debt Consolidation Companies