No recession for cybercriminals

Symantec just issued a report on the underground economy in identity theft where the buying and selling of credit cards and bank accounts thrives.  One quote in particular chilled my spine.

“The popularity of financial account information is likely due to its potential for high payouts and the speed at which payouts can be made.  In one case, financial accounts were cashed out online to untraceable locations in less than 15 minutes.”

Particularly when you think about how long it takes to accumulate the funds they suck dry.

Report courtesy Symantec

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