Stolen Uber Accounts Worth More Than Credit Card Numbers

January 25, 2016, Written By John H. Oldshue
uber

Stolen Uber, PayPal and Facebook account details are now worth more money than credit card numbers, according to new reports from the “deep web,” the sector of the Internet not indexed by search engines. Cybercriminals have shifted their attention from payment card details to other means of personal identification in an effort to enhance their identity theft strategies.

Trend Micro reports credit card numbers in the United States are sold in bunches for an average of $0.22 each, compared to Uber accounts that sell for an average of $3.78. PayPal accounts are even pricier at $6.43, but only when the accounts are guaranteed to have a balance of $500 or more.

The high demand for PayPal accounts is understandable, but why are Uber accounts so valuable on the deep web? Some cybercriminals will use this information to create fuller identity theft portfolios, while others use them to charge people for “phantom rides.” In that case, a cybercriminal will use the Uber account details to create a fake driver account, then charge other people for nonexistent rides.

In October 2015, the Intel Security for McAfee Labs reported that basic payment card details were worth an average of $5 to $8 each, while “fullzinfo” accounts were worth an average of $30 each. Those included a billing address, date of birth, PIN, social security number, mother’s maiden name, username and password details.

These new reports indicate a significant decrease in the demand for U.S. credit card details, and that demand may drop even more as the country continues to work its way toward smartchip cards. But despite this decline in the value of a stolen credit card number, it remains very important for consumers to guard their information and use their credit card securely. If your card information is stolen, it can cause substantial headaches for you, no matter what price the criminal may have paid for it.



The information contained within this article was accurate as of January 25, 2016. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.