Your Credit Card Data Is Worth $1.50

JJ Sutherland discovers that his precious credit card info isn’t so precious after all, writing for NPR:

If you’re like me, you’re slightly paranoid about your credit card data. You’ve taken all the precautions, checked your statements frequently for fraudulent spending, carefully hidden them in a ‘top-secret’ shoe compartment. What, wait, you don’t do that?

Well, your precious data that you protect so diligently is worth, wait for it, $1.50. That’s because, well, all those security precautions you take don’t really do that much, especially against trojans and hackers who you probably don’t do enough to defend against. There are so many stolen credit cards that they come cheap.

logoBrian Krebs found all this out by creating an account on one site that sells credit card data

The trouble is, the minute you seek to narrow your search using the built-in tools, the site starts adding all these extra convenience fees (sound familiar?). For example, if I were going to buy a card stolen from anyone around the Washington, D.C. area, it would probably be from a resident of McLean, Va., which is more or less a tony place where plenty of well-to-do folk reside. Anyway, the site found me a card (a MasterCard) belonging to a McLean resident alright, but then the service wanted to tack on an extra $.60 just because I isolated my search by city and state — raising the cost in my shopping cart to $2.10! No way, Jose. Not this bargain shopper.


Majestic is gadfly emeritus.

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3 Comments on "Your Credit Card Data Is Worth $1.50"

  1. Vox Penii | Sep 22, 2010 at 1:20 pm |

    only suckers have credit cards. (myself included, back when i had a credit card)

    there is _no_ upside to credit cards.

    got to manage your credit score? credit score is a scam — borrow money to build your credit so you can borrow more money so you can build your credit score to borrow more money … feel like a hamster on a treadmill yet?

    rewards points and cash back? you really believe that credit card companies will give you something for nothing? they’ll give you 3% cash back because they know that people who use credit cards spend about 15% more than when they buy with cash.

    play with snakes and you will get bitten.

  2. I have to agree with you on this one. I don’t have a credit card either.

  3. Nice information.And now a days there are a lot of facilities offering by different banks so that to increase the user rate.And recently military credit cards are offering the best facilities.The best thing about this card is it automatically pays you the rewards in your account monthly without the usual $50 minimum like most credit cards.

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