Project monitors price of stolen credit card data in real time

The data will eventually give a greater insight into the trade in stolen card details, said CloudEyeZ founder Dan Clements

A new security project is monitoring in real time the price of stolen credit-card data sold in underground forums, which may eventually reveal emerging cybercrime trends.

The company behind it, CloudeyeZ, is publishing the data it collects, called the "Underground Activity Index," daily on its website, said founder Dan Clements. The company offers several services centered around finding stolen data and matching it with the organization that was breached.

The project, which is run by CloudeyeZ team member Nikolay Danev of Bulgaria, is a somewhat new approach. While major security vendors have periodically published information on how much stolen credit card data sells for, the data hasn't been in real time.

"We never really thought we would kind of bring the intelligence out of the closet and put it up somewhere where you could watch it," Clements said.

CloudeyeZ, based in California, is collecting the data using bots, or automated programs that can scrape and collate data from seven of the major English-speaking forums. There are many more such forums on the Internet. Clements said the sites chosen to collect the statistics are representative enough "where we might be able to see fluctuations in the supply and demand in the cards in the underground."

The URLs of the sites are not included in the published data. The forums are typically password protected, with membership strictly limited to vetted participants, although law enforcement and security researchers have managed to infiltrate the forums.

Hackers specialize in collecting card data and then sell it in the forums to other fraudsters, who try to buy goods online or create fake cards in an attempt to cash out.

CloudeyeZ is monitoring more than 300,000 sets of card details, which mostly are U.S. cards including Visa, MasterCard, Discover and American Express. Visa cards appear to be the most popular, which CloudeyeZ attributes to the large number of cards in circulation, which has also made those the cheapest cards at around $2 each.

The project has only been running for about three weeks, so it is too early to spot trends. But CloudeyeZ hopes the monitoring will reveal factors that influence prices, such as law enforcement actions, Clements said.

Send news tips and comments to jeremy_kirk@idg.com

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jeremy Kirk

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?