Sony Security Problems Could Hurt Hackers Too

May 5, 2011 -

As hard as it is to believe, hackers may actually suffer from Sony's massive security breach that has seen 102 million users worldwide compromised. According to a New York Times Bits blog report, the massive amount of credit card numbers being flooded into the lucrative black market could bring the price of illegal credit card sales down dramatically.

According to the NYT, hackers who resell personal info and credit cards do not look kindly on what will happen if those responsible for Sony's security breach decide to sell all of it on the black market. Typically stolen credit card numbers sell for around $5 - $10 each (according to an anonymous source familiar with the black market). If millions of new card numbers flood the market, it could bring the value down to a paltry $1 - $2 each.

"We’re keeping a close eye on the Sony story as it would drastically affect the resale of other cards," an experienced hacker based in Europe who declined to share his name due to the nature of his work told the NYT.

Kevin Stevens, a senior threat researcher at Trend Micro, said in an interview last week that there is a lot of discussion in hacker forums about the Sony data breach. Several "credit card dealers" expressed concern that the influx of millions of credit cards would flood the market and lower prices, he said.

I would like to say that I feel bad for these people, but I don't. It should also be noted that buying this data right now would be like buying the Mona Lisa a day after it was stolen. In other words: many eyes are watching all over the world.

Source: NYT by way of Kotaku


Comments

Re: Sony Security Problems Could Hurt Hackers Too

Hackers are just regular criminals. We tend to think of them differently just because they're smart! But just because they CAN do something we can't doesn't mean they SHOULD. I don't feel sorry for them!

Re: Sony Security Problems Could Hurt Hackers Too

...Are we supposed to be feeling sorry for hackers now? 

Re: Sony Security Problems Could Hurt Hackers Too

I sure as hell don't. They act big and tough across the net, but let them see that there are consequences.

Re: Sony Security Problems Could Hurt Hackers Too

Thank gosh I only used re-loadable cards at SoE. And well, just about anywhere.

I have no debit card attached to my bank account, lets me sleep easier at night.

Re: Sony Security Problems Could Hurt Hackers Too

Same here, or I just bought PSN cards.

Hunting the shadows of the troubled dreams.

Hunting the shadows of the troubled dreams.

Re: Sony Security Problems Could Hurt Hackers Too

This is what I did, and I'm glad I did it, and after this disastor, I will keep doing it.


Re: Sony Security Problems Could Hurt Hackers Too

I wonder how someone who sells millions of dollars worth of stolen credit cards explains how they're suddenly a millionare. Do they just say they won the lottery?

Re: Sony Security Problems Could Hurt Hackers Too

Money laundering, keeping it in cash, if they're smart they invest it in little increments to make it appear that they're using their own money to invest and such.

Not that I think that's gonna help them, mind. This has made a huge enough deal that I think whoever is behind this is going to be be dogged hard by law enforcement.

Re: Sony Security Problems Could Hurt Hackers Too

Not to mention pissed off users turning over any information they find.

Re: Sony Security Problems Could Hurt Hackers Too

If they're smart, I imagine they move to a tropical country with no extridition treaties to speak of before anyone notices.  Removes that need to explain anything.

===============

Chris Kimberley

===============

Chris Kimberley

Re: Sony Security Problems Could Hurt Hackers Too

Hehe, if it completely ruined that market I'd call it a win. Not to mention with who Sony is working with a crackdown could be coming.

Re: Sony Security Problems Could Hurt Hackers Too

Well, this article certainly wasn't what I thought it was going to be.

My first thought at this article's title? It's going to turn up the brightness of the spotlight that is on hackers, in that there's going to be more pressure to go after hackers of all kinds who break into systems illegally.

 
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MaskedPixelantehttp://uplay.ubi.com/#!/en-US/events/uplay-15-days You can win FREE GAMES FOR A YEAR! Unfortunately, they're Ubisoft games.12/18/2014 - 6:29pm
Papa MidnightAh, so it was downtime. I've been seeing post appear in my RSS feed, but I was unable to access GamePolitics today across several ISPs.12/18/2014 - 6:06pm
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PHX Corphttp://www.craveonline.com/gaming/articles/801575-sony-refuses-offer-refund-playstation-game-fraudulently-purchased-hacker Sony Refuses to Offer Refund for PlayStation Game Fraudulently Purchased by Hacker12/18/2014 - 1:43pm
NeenekoMakes sense to me, and sounds kinda cool. One cool thing about Minecraft is the meta game, you can implement other game types within its mechanics. There are servers out there with plots, an episodic single player one sound kinda cool12/18/2014 - 11:07am
MaskedPixelantehttps://mojang.com/announcing-minecraft-story-mode/ Umm... what?12/18/2014 - 10:24am
NeenekoThat would make sense. Theaters probably can not afford the liability worry or a drop in ticket sales from worried people. Sony on the other hand can take a massive writeoff, and might even be able to bypass distribution contracts for greater profit.12/18/2014 - 10:03am
ConsterNeeneko: I thought they cancelled it because the major cinema franchises were too scared of terrorist attacks to show the film?12/18/2014 - 9:55am
Neeneko@Wonderkarp - there is still a lot of debate regarding if the movie was a motive or not. Unnamed officials say yes, the timeline says no.12/18/2014 - 9:10am
NeenekoSomething does not smell right though, Sony is no stranger to being hacked, so why cancel this film? For that matter, they are still not giving in to hacker's original demands as far as I know.12/18/2014 - 9:06am
PHX Corp@prh99 Not to mention the Dangerous Precedent that sony's hacking scandal just set http://mashable.com/2014/12/17/sony-hackers-precedent/12/18/2014 - 8:25am
Matthew WilsonI hope its released to netflix or amazon12/18/2014 - 12:11am
prh99Basically they've given every tin pot dictator and repressive regime a blue print how to conduct censorship abroad. The hecklers veto wins again. At least when it comes to Sony and the four major theater chains.12/17/2014 - 11:55pm
MaskedPixelante"It's not OUR fault that our game doesn't work, it's YOUR fault for having so many friends."12/17/2014 - 9:48pm
Matthew Wilsonapparently tetris did not work because he has a full friends list12/17/2014 - 9:21pm
WonderkarpSo Sony cancelled the release of the Interview. was it ever confirmed that the Sony hacking was done because of that specific movie?12/17/2014 - 8:54pm
MaskedPixelanteWow, Ubisoft went four for four, I didn't think it was actually possible.12/17/2014 - 8:37pm
MechaTama31Oh, ok, I was mixing up "on Greenlight" and "Greenlit".12/17/2014 - 8:23pm
Matthew Wilson@phx you beat me to it. how do you screw up tetris?! my ubisoft this is just stupid. no one should ever preorder a ubisoft game again! ps people should never preorder any game regardles of dev.12/17/2014 - 6:28pm
PHX Corphttp://www.ign.com/videos/2014/12/17/what-the-heck-is-wrong-with-tetris-ps4 I give up on ubisoft12/17/2014 - 6:01pm
 

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