Black markets for hackers increasingly sophisticated, specialized, maturing

Tuesday, March 25, 2014 - 14:00 in Mathematics & Economics

Black and gray markets for computer hacking tools, services and byproducts such as stolen credit card numbers continue to expand, creating an increasing threat to businesses, governments and individuals, according to a new study. One dramatic example is the December 2013 breach of retail giant Target, in which data from approximately 40 million credit cards and 70 million user accounts was hijacked. Within days, that data appeared -- available for purchase -- on black market websites.

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