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Credit & Personal Information Marketplaces

Posted By Jim On 05/12/2006 @ 1:47 pm In Credit | No Comments

Almost a year ago I talked about the backroom (online really) transactions concerning the buying and selling of credit card and identity information [3] after reading an article online and once again CNN Money has put up yet another interesting article about the workings of the dark credit and identity marketplace [4].

It’s not as comprehensive as the one last year but this one still gives a little taste of how the operations work. One interesting, i.e. smart, observation/decision by security companies is that they don’t shut down these trading spots because the thieves/traders can simply move. They just monitor the “chatter” and recognize whether or not their client is in jeopardy based on how many of the trades involve them.

I’m not quite sure why the article itself appears to focus on the politeness of the traders but apparently that’s the angle the author went with.


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[2] Email: mailto:?subject=http://www.bargaineering.com/articles/credit-personal-information-marketplaces.html

[3] buying and selling of credit card and identity information: http://www.bargaineering.com/articles/the-dark-underbelly-of-id-theft-and-cc-fraud.html

[4] workings of the dark credit and identity marketplace: http://money.cnn.com/2006/05/11/technology/fastforward_fortune/index.htm

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