The economist has a nice graphic summarizing data from Symantec that shows that the most popular "products" on offer from cybercriminals in the underground economy are – not surprisingly – bank account details (for accounts that have on average a balance of nearly $40K) and credit cards with security codes. The bank account details will cost you $10-1000 each and the credit card info runs 50 cents – $12. This sector of the economy is recession-proof as well.
You can read the full report (84 pgs) here and the executive summary (16 pgs) here.
You didn't have any illusions about your financial data being safe, did you?
During her time at Glenbrook, Erin focused on client engagements in business payments, cross-border transactions, bill payment, and the intersection of corporate finance, banking, and ERP/accounting. She has nearly twenty years of experience leading increasingly complex payment initiatives for corporate clients and advising financial institutions and payment technologists on the development of their payment capabilities.
Erin is also the founder of Forte Financial, a consulting firm focused on corporate finance efficiency, technology, and process improvement. She is a past president of the Financial Women’s Association of San Francisco and also a two-term past president of the San Francisco Treasury Management Association. Erin is no longer with Glenbrook, but contributed greatly during her time at the firm.
