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The Path of Data from Theft to Purchase

DATA THEFT

July 13, 2012

An MSN Money report details the likely path stolen credit card information follows from hacking incident to financial loss. “There are three major types of hackers,” the report states: hactivists; those who hack for fun and recognition, and those who are criminals looking to make money. While the first two groups may put data at risk, the third will likely sell the data to third parties. "A lot (of card numbers) wind up being sold in Internet forums," says one security expert. John Harrison of Symantec says even the people buying data on these forums may not actually use it, “local organized crime groups or other career criminals will hire people to make purchases with the stolen data.”
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