CyberNews Briefs

Data for a whopping 26 million stolen payment cards leaked in hack of fraud bazaar

BriansClub, a marketplace for stolen payment card data, has been breached, resulting in the details of over 26 million stolen cards being leaked, according to a Thursday report by KrebsOnSecurity. The leak reveals that BriansClub[.]at, which has used the name and likeness of security researcher and KrebsOnSecurity owner Brian Krebs for years, obtained 1.7 million stolen cards in 2015, 2.9 million in 2016, 4.9 million in 2017, 9.2 million in 2018, and 7.6 million in the first eight months of 2019.

The incident has forced the site to take the 26 million stolen card records out of circulation, as they have now been shared with the issuing banks. This number represents almost one third of the 87 million payment cards that are being circulated on underground market places according to recent figures by Gemini Advisory. Gemini CEO Andrei Barysevich said that “with over 78% of the illicit trade of stolen cards attributed to only a dozen Dark Web markets, a breach of this magnitude will undoubtedly disturb the underground trade in the short term.” However, he believes that in the long term, “other vendors will undoubtedly attempt to capitalize on the disappearance of the top player.”

Read more: Data for a whopping 26 million stolen payment cards leaked in hack of fraud bazaar

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