Cyber Risks · Krebs on Security

Seleznev Arrest Explains ‘2Pac’ Downtime

Summary: The U.S. Justice Department added 11 felony counts against Roman Seleznev, a 30-year-old Russian national arrested in July 2014 by the U.S. Secret Service, charging that he sold stolen card data on the 2pac[dot]cc carding shop under monikers including "nCux" and "Bulba." The new charges coincided with extended downtime at 2pac[dot]cc, where customers complained the proprietor had gone silent before a message dated Aug. 8, 2014 attributed the outage to the boss being hospitalized after a car accident.

What's compelling: Group-IB data cited in the article shows that of the 5,306,024 cards Rescator supplied to swiped1[dot]su, only 151,720 (2.8 percent) were sold, and about 28 percent of those sold came back declined - a reminder that the stolen-card economy runs on volume far larger than the losses any single breach implies.

Read the original at Krebs on Security ↗

Topics
Data Breaches
Related