KrebsOnSecurity recently published a blog post about the theft of credit card information from BriansClub. Krebs identified multiple sources of stolen card data.
Krebs said that these sources work closely with financial institutions and monitor card sales on the cybercrime underground. Krebs urged consumers to protect themselves and their financial information by checking out the site’s security measures.
BriansClub is a website that sells stolen credit cards
The website briansclub has a large database of stolen credit cards. As of January 2019, nearly eight million card records have been uploaded to the website. Many of these cards were stolen from brick-and-mortar retail stores. The stolen data is used by criminals to make payments. A table on the BriansClub Web site reveals how much these cards are worth on the dark web. According to one report, the website has more than $414 million worth of stolen credit card data.
The data stored on BriansClub is mostly in the form of dumps, strings of binary code that can be encoded on a credit card’s magnetic stripe. BriansClub then shares this information with financial institutions to monitor the cards. These companies then reissue these cards.
It was hacked
If you’ve been following the news, you’ve probably read about BriansClub being hacked. While it’s a shame that a site that is supposed to protect consumers from cyberattacks wasn’t able to protect its users from this latest breach, it’s a good time to be vigilant about security measures. A recent report from Krebs on Security indicates that the company has suffered several hacks, and has shared stolen data with several sources, including high-ranking executives of large UK banks. The hacked information was most likely a data dump.
According to KrebsOnSecurity, the hackers have stolen the credit card data of more than 26 million people. These details have now been shared with a variety of source, including financial institutions who monitor the sale of stolen credit card information on criminal forums. BriansClub, which is one of the largest black market sites for credit cards, has added nearly eight million new records to its database in the last few months, including more than eight million recorded from last year.
A BriansClub administrator has confirmed that the site has been hacked, but has declined to say who was responsible. The site administrator says that BriansClub removed the stolen data from its store inventories, but multiple sources confirm that the data is still for sale on the site. Despite this, KrebsOnSecurity, the website that first reported the hack, hasn’t yet identified the hacker responsible.
The data was stolen from a variety of retailers. The hack occurred over a four-year period and has affected 26 million credit card records. It’s believed that the hackers shared the data with bank employees who notified customers and sent them new cards. However, BriansClub is still selling the stolen data to make a profit.
It has sold more than 9.1 million cards
According to BriansClub’s data, it has sold more than 9.1 million cards. The company resells stolen cards from affiliates and earns a percentage of each sale. The company is not transparent about how much of its revenue is shared with its affiliates. The site is based in Russia and has operated for years. In 2015, the site gathered 1.7 million cards. The number climbed to 2.9 million in 2016, and 4.9 million in 2017. As of August 2018, the site had sold more than 9.1 million cards. By the first eight months of 2019, that number had increased to 7.6 million.
BriansClub’s business model is based on selling stolen card data for bitcoin. If all cards were stolen and sold, the company would have earned more than $126 million in Bitcoin. This makes the business model attractive to cybercriminals. It allows them to sell the stolen payment details without risking detection by law enforcement. They can also sell these cards to affiliates who receive a portion of the profit from the transactions.
In total, the database contains nearly 414 million credit card numbers. Of this, a large percentage of those stolen cards are valid. This means that a single hacker can potentially make up to $500 per card. While these numbers are staggering, it is important to remember that the data BriansClub has sold represents just a fraction of the stolen credit card records. As a result, BriansClub needs to increase its marketing efforts to make their data more valuable.
As of August 2019, BriansClub has sold more than 9.1 million stolen cards. The company has also accepted cryptocurrency payments and received over 126 million dollars from the theft of the cards. These figures represent a staggering $414 million loss for consumers. These losses are caused by a combination of point-of-sale systems, card processor breaches, skimming, online order scams, and lost or stolen cards.
It is an attractive target for cybercriminals
A data center breach at BriansClub has made the site an attractive target for cybercriminals. The site administrators have confirmed the attack but did not reveal who did it. Nonetheless, the incident is likely to shake up the Dark Web. Cybercriminals are increasingly targeting online business to gain access to user data.
BriansClub’s business model thrives on selling stolen payment card information. It estimates that it has generated $126 million in sales. Although this is illegal, the business model eliminates the risk of law enforcement discovering the source of the information. The thieves forward the stolen card details to BriansClub affiliates, who then make a cut of the profits.
The large amount of credit card data available on the website has made it a highly attractive target for cybercriminals. The data is updated every day, making it easy for cybercriminals to carry out fraudulent activities. All they have to do is register on the site, select the bank they’d like to use and a few keystrokes to complete the fraud.
The number of stolen credit cards on BriansClub exceeds the number of cybercriminals who would pay for the data. As a result, the website should invest in marketing. Additionally, the archive shows that 26 million credit cards are still valid. The proprietor of the website regularly uploads new batches of stolen cards.
it had reached 9.2 million. The stolen cards are now valued at about $414 million. The owner of the site, Brian Krebs, has confirmed that the data center where the data was stored was hacked.