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.
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

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.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

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 S'pore banks worth more on Dark Web'. Subscribe