Tag: debitcard

Russias Ukraine War Drives 62% Slump in Stolen Cards
Risk, Security

Russias Ukraine War Drives 62% Slump in Stolen Cards

According to Recorded Future, there has been a noticeable decline in the number of stolen payment card records that have been posted to the dark web since the Russian invasion of Ukraine in early 2022. The company's Insikt Group division compiled its Annual Payment Fraud Report: 2022 by carefully examining threat intelligence obtained from the dark web. According to the report, the number of card-not-present records on the dark web carding businesses fell by 24% annually in 2022, to 45.6 million, and fell by 62%, to 13.8 million. This huge reduction was linked by Recorded Future to two important occurrences at the beginning of the year. The first was a sudden crackdown on cybercrime organizations by the Russian government, which included the arrest of alleged members of the Revil...