[center]Beware, Cyber Crime Black market Now exists online![/center]

You must have to be more careful with your online activities.

Cyber criminals currently run various black markets on the internet. A vast network selling stolen bank details along with other types of products in forums and more than 50 dedicated online stores was discovered by Panda Lab.

The cyber-crime black market, which has traditionally centered on distributing bank and credit card details stolen from people around the world, diversified its business model in 2010, and now sells a much broader range of stolen confidential information including bank credentials, log-ins, passwords, fake credit cards and more. However, as openly available as this information is, it can only be accessed by personally contacting the hackers who are promoting their information for sale on forums and in chat rooms.

Alarmingly, these stolen credit/debit cards can be purchased for as little as $2 per card. Meanwhile, at the $2 purchasing level, the hacker does not provide additional information or verification of the available account balance. If the buyer wants a guarantee for the available credit line or bank balance, the price increases to $80 for smaller bank balances and upwards of $700 to access accounts with a guaranteed balance of $82,000.

Similarly, these cyber-criminals also offer cloned credit/debit cards, card cloning machines, and even fake ATM machines. Additional products such as money laundering services (bank transfers or cashing checks) are available for a commission ranging from 10 to 40 percent of the operation.
For more sophisticated cyber-criminals who want to set up their own fake online stores and use rogueware techniques to obtain both user details and also reap the money these unsuspecting victims pay for fake antivirus and anti spyware products, there are also teams available to deliver turnkey projects, design, develop and publish the complete store, even positioning it in search engines. In this case, the price depends on the project.

Prices for botnet rental for sending spam (using bot-infected zombie computers, for example) vary depending on the number of computers used and the frequency of the spam, or the rental period.

In all these, you will understand that cyber criminals are out to enrich themselves with other peoples’ demise. The worst part is that the cyber crime industry is rapidly growing at a bugling speed. It is highly advisable that everyone learn how to protect themselves in this twenty first century to avoid falling victim to cyber miscreants.

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