By: Gregory P. Bufithis and Eric Degrasse
27 December 2013 – Consumer frustration and outrage over the Target credit card breach is moving from Facebook and Twitter to the courts and state governments even as the stolen accounts are flooding the black market. Meanwhile, millions of the card accounts stolen have begun showing up for sale on the black market. Brian Krebs of KrebsOnSecurity.com … the security reporter who initially broke the news about the breach … said “credit and debit card accounts stolen in (the Target breach) … have been flooding underground black markets in recent weeks, selling in batches of one million cards and going for anywhere from $20 to more than $100 per card.”
Sharon Nelson of Sensei Enterprises detailed the Krebs report in a recent piece on her blog (click here).
Adrian Sanabria of 451 Security (part of 451 Research) has written a blog post that goes further because … as he says … the “recent Target breach has led to some confusion, which I will try to clear up here. … Read more