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Market for Stolen Identities Down, Too

Posted by Susan Hall Oct 30, 2008 3:51:40 PM

So your portfolio's worth less -- sometimes a lot less -- in this troubled economy. Well the good news, if you can call it that, is that your stolen identity is worth a lot less, too, reports Forbes. And it has nothing to do with the value of your stocks.

 

The value of stolen credit card data is only one-tenth what it was 10 years ago -- anywhere from $3 to 40 cents on the black market. The story says that increasingly sophisticated phishing attacks and large-scale data breaches are flooding the market with product, which pushes the price down, just like in any other market.

 

Of course, that doesn't mean there's any slowdown in efforts to steal this data or any easing up on efforts to stop it.

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