Hackers Use YouTube to Sell Credit Card Data

Hackers Use YouTube to Sell Credit Card Data

June 25, 2014         Written By Bill Hardekopf

YouTube is currently under fire for allowing thousands of videos on their website that promote the sale of stolen credit card data. Many of these videos are seen right next to ads for credit card companies like Visa, MasterCard and American Express, according to a study done by the Digital Citizens Alliance.

The study raises a question about YouTube’s willingness to take action against these videos and lose potential advertising profits.

A spokeswoman from Google, the parent company for YouTube, told PC World, “Our guidelines prohibit any content encouraging illegal activities, including videos promoting the sale of illegal goods. YouTube’s review teams respond to videos flagged for our attention around the clock, removing millions of videos each year that violate our policies.”

While this may very well be true, many people are beginning to question how much scrutiny the credit card videos get in comparison to others with less advertising potential.

The spokeswoman went on to say, “We also have stringent advertising guidelines, and work to prevent ads appearing against any video, channel or page once we determine that the content is not appropriate for our advertising partners.”

No one is expecting YouTube to review every single video on its platform, but some are suggesting they focus their efforts on highly searched keywords or phrases.

“If they took a dozen or so search terms and just took the time to create a review process around it, they could do a lot of good work,” said Tom Galvin, executive director of the Digital Citizens Alliance.



The information contained within this article was accurate as of June 25, 2014. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


bill-hardekopf

About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
View all posts by Bill Hardekopf
Featured Limited/No Credit
Top Features : No annual fee; reports to major credit bureaus; access to higher credit line after making first 5 monthly payments on time
Featured Fair Credit Card
Top Features : No annual fee; access to higher credit line after making first 5 monthly payments on time
Featured Low Interest Card
Top Features : 1.25X miles on every purchase; no annual fee; bonus of 20,000 miles once $1,000 is spent in first 3 months
Featured Cash Back Card
Top Features : 1.5% cash back on all purchases; $150 bonus after spending $500 in first 3 months
Featured No Annual Fee Card
Top Features : 2% cash back on purchases: 1% when you buy plus 1% as you pay; 0% APR for 18 months on balance transfers
Featured Bad Credit Card
Top Features : Perfect credit not required; Reports to major credit bureaus