A database with about 1.3 million credit and debit card numbers of mainly Indian bank customers has recently become available on Joker’s Stash. Is this something you’re interested in? Do you need chargeback insurance? Well, you’re at the right place. Just keep on reading below.
Market for ID Theft: Chargeback Insurance
Joker’s Stash is an online market that specializes in stolen personal data. It’s the largest and oldest card marketplace in the online world. In February, 2.15 million U.S. cardholders’ sensitive data appeared there.
Cybersecurity company Group-IB was the first to detect the batch of the stolen data. According to the firm, the value of the database makes up over $130 million: each of the stolen card details is being offered at $100.
It’s believed the fraudsters have gained access to the data via skimming devices installed either on ATMs or point-of-sale (POS) systems. Group-IB says this may be the largest batch of stolen payment card information that’s ever been advertised at one time.
With all that in mind, it’s extremely important to use the safest merchant services for transaction processing. For this, you just need to turn to a true payment specialist in your field. A respectable processor will best help you with chargeback insurance and help you avoid fraud with great success.
1.3 Million Card Numbers on Joker’s Stash
The mentioned card data is 90% – 95% valid, as Group-IB reports. Nearly 18% of the records are obtained from an Indian bank. 98% of the cards have Indian origin but nearly 1% come from Columbian banks.
In 2018, underground forums listed 3.2 million stolen Indian card data records. That was a 219% increase from the previous year. In fact, many financial breaches are left unreported in India. As a result, banks aren’t hurrying to prevent stolen cards from being used by fraudsters.
Let’s see what Recorded Future, a global real-time cyber threat intelligence provider, believes in this regard. So, Joker’s Stash will continue to keep its popularity among threat actors interested in advertising and selling stolen credit cards.
To sum up, 1.3 million credit/debit cards were added to Joker’s Stash, a dark web marketplace specializing in trading in payment card data. The data belongs to customers of Indian banks. According to researchers, this is the biggest stolen payment card cache put up for sale so far.
Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the proud Co-Founder of eMerchantBroker, the highest rated high risk merchant account processor in the country that can best help you with chargeback insurance. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite books.