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Current Affairs

Indian card details selling on Dark Web

Date: 01 November 2019 Tags: Security Threats

Issue

Nearly 1.3 million debit and credit card data of Indian banking customers that can fetch up to $130 million for cybercriminals are available on Dark Web for open sale.

 

Background

 Data analysis suggests the card details may have been obtained via skimming devices, installed either on ATMs or point of sale (PoS) systems.

 

Details

  • According to ZDNet, the cards’ details is available on Joker’s Stash, one of the oldest card shops on the dark web which is known to be the place where major hackers sell card dumps.

  • The card dump includes Track 2 data, usually found on a payment card’s magnetic stripe.

  • The presence of this kind of data automatically rules out skimmers installed on websites (Magecart attacks), where Track 1 and Track 2 is never used.

  • Criminals who buy card dumps from Joker’s Stash typically use the data to clone legitimate cards and withdraw money from ATMs in so called “cash outs”.

Dark Web

  • The dark web refers to encrypted online content that is not indexed by conventional search engines.

  • Also known as the "darknet," the dark web is a component of the deep web that describes the wider breadth of content that does not appear through regular internet browsing activities.

  • Specific browsers like Tor are required to access dark web sites, which contain anonymous message boards, online marketplaces for drugs, exchanges for stolen financial and private data, and other illegal content.

  • Transactions in this hidden economy are often paid for with bitcoin, and physical goods are routinely shipped in ways that cloak both buyers and sellers from the watchful eyes of law enforcement.

Working

  • The dark web attracts users who seek anonymity when conducting business. Intentions can be noble, such as with journalists seeking to interview citizens of repressive countries, where communications are monitored.

  • The anonymity of the dark web attracts criminal actors like drug-dealers, hackers, and child pornography peddlers.

  • There is also a growing service economy within the dark web in which hitmen and other illegal operatives advertise their services in ways they could not over traditional channels.

Deep web

  • The dark web and the deep web are often erroneously used interchangeably. To clarify: the deep web includes all the pages that don’t pop up when you run a web search.

  • This covers everything requiring a login, such as personal email, online banking, or other such sites.