Fire Sale on Cards Stolen in Target Breach
Summary: Two months after Target disclosed its breach, the underground card shop Rescator moved at least 2.8 million stolen Target cards in a batch called "Beaver Cage" at prices of $8 to $28, down from $26.60 to $44.80 for the earlier "Tortuga" batch sold before the Dec. 19 disclosure. The price drop tracked a falling valid rate, from 100 percent advertised for Tortuga to 60 percent for Beaver Cage, as issuing banks cancelled more cards; Krebs also traced batches sold by Rescator to the 2013 Harbor Freight Tools breach, whose valid rates fell below 50 percent over roughly six months.
What you should know: One large card issuer told Krebs it still had not reissued at least 40 percent of its cards affected by the Target breach, which is why millions of stolen cards were still selling at cut-rate prices weeks after the incident was public.
Read the original at Krebs on Security ↗
- Topics
- Data Breaches
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