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Hackers are selling credit card details of thousands of Britons on the internet creating serious identity fraud for the consumers.
A credit card number sells for one dollar while a card with a three-digit code fetches five dollars, The Times newspaper said. Additional security information such as a mother's maiden name can add USD 10 to a card's value and a working PIN can raise the cost to 175 dollars. The thieves target both companies whose customers buy online and those that take orders by more conventional means, demonstrating that it is not just internet-based companies that are at risk but any organisation that holds personal information about consumers. Card Cops, a US-based firm which monitors "Internet relay chatrooms" where the stolen details are traded, said it was aware of the details of 300 to 400 British customers a day at a conservative estimate. Alun Michael, the government's e-commerce minister, said: "These findings are disturbing and we will look at them very seriously." Britain's newly-formed Serious Organised Crime Agency said that computer crime was "among its priorities" but would not say how it intended to tackle the problem. Banks are now planning to address the problem by issuing card numbers which are valid for single transactions only. |
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