Cybersecurity Report Uncovers Over Half a Million Credit Card Details Leaked Online

Written from press release

New York, July 10, 2024 — A recent investigation by cybersecurity company NordVPN has revealed that more than 600,000 payment card details have been leaked online. The report highlights a growing trend of cybercriminals using “malware as a service” to harvest sensitive financial information.

The research identified Americans as the most targeted nationality for credit card fraud, followed by citizens of Brazil, India, Mexico, and Argentina. Visa cards were the most commonly exposed, comprising 54% of the leaked data, while American Express accounted for just 1%.

Adrianus Warmenhoven, a cybersecurity advisor at NordVPN, emphasized the severity of the breach: “The malware didn’t just steal the victims’ payment card details. Most of the stolen cards came with a big bonus for cybercriminals — users’ autofill information and account credentials. This opens doors to a wider range of attacks, including identity theft, online blackmail, and cyber extortion.”

The report highlighted that 99% of the stolen cards included additional personal data, making the breach even more concerning. The study also shed light on the role of malware as a service, where cybercriminals pay a subscription fee for access to malware tools designed to steal information.

“Malware is often used as a ‘weapon of mass infection’ because the results are able to spread at scale, even for relatively unskilled people,” Warmenhoven explained. “The payment card thieves are not ‘cyber’ criminals in the first place — they are criminals that have found a new tool to do what they would have done anyway.”

One of the most prominent tools used in these attacks is RedLine, a sophisticated information stealer responsible for 60% of the payment card thefts uncovered in the research. RedLine is known for its affordability, effectiveness, and accessibility, often deployed through social engineering and supported by dedicated Telegram channels.

NordVPN advises consumers to take several precautions to protect their financial information:

  • Learn to spot phishing attempts to avoid malware infections.
  • Use strong, unique passwords and consider encrypted password managers.
  • Secure accounts with multi-factor authentication.
  • Report suspicious activity to credit card providers and request new cards if necessary.
  • Avoid downloading software from unofficial sources and use comprehensive anti-malware technology.

Rate this post

Click on a star to rate it!

Average rating 4.5 / 5. Vote count: 2

No votes so far! Be the first to rate this post.

Liked it? Take a second to support The Bloomingtonian on Patreon!
Become a patron at Patreon!