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The value of stolen card data that includes localization info

The hackers behind Target data breach are selling stolen card data including localization info. Location information allows buyers to use cloned versions of cards issued to people in their immediate vicinity. This lets crooks who want to use the cards for in-store fraud avoid any knee-jerk fraud defenses in which a financial institution might block transactions outside the legitimate cardholders immediate geographic region. The commercialization of stoled card data with localization information is a very clever tactic to increase the monetary value of the stolen commodities.”]

Source: https://securityaffairs.co/wordpress/20725/cyber-crime/value-stolen-card-data-includes-localization-info.html

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