Stolen credit card data from Singapore banks worth more on Dark Web

Robust cyber security features make it harder to steal, compared with data from other countries: Study

Group-IB said that illegally obtained raw payment card data from Singapore banks is valued at US$20 to US$30 per card on Dark Web card shops. The same data for cards from the United States costs between US$8 and US$10. PHOTO: ST FILE
New: Gift this subscriber-only story to your friends and family

Stolen credit card data from Singapore banks is valued higher on the Dark Web than that from other countries because of the robust cyber security measures protecting it and the difficulty in obtaining such data, according to new research from cyber security firm Group-IB.

The Singapore-based firm yesterday said that for cards from the United States, the average price for raw payment card data, which includes credit card number, expiration date, cardholder name and CVV number, is between US$8 (S$11) and US$10 on Dark Web shops.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on November 30, 2019, with the headline Stolen credit card data from Singapore banks worth more on Dark Web. Subscribe