Russian Hacker Group Releases Information on 1 Million Credit Cards

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Russian Hacker Group Releases Information on 1 Million Credit Cards

According to cybersecurity company Q6, a Russian hacker outfit exposed information from around 1 million credit card accounts on the dark web. The gang, calling itself All World Cards, has offered to sell the stolen information to criminals for fraudulent purposes.

Key Takeaways

  • On the dark web, a Russian gang is said to have distributed stolen data on 1 million credit cards from the United States and throughout the globe.
  • Criminals often utilize the dark web to purchase and sell financial and personal information for illegal reasons.
  • Cardholders may take precautions to keep their identities safe from identity thieves.

Is Your Credit Card at Risk?

On August 5, news sites claimed that All World Cards, a Russian organisation, had exposed information on an estimated 1 million credit cards on the dark web. While the number is considerable, hackers are not unusual in this business.

The dark web is a section of the internet that can only be accessed with specialized software. It gives a degree of anonymity that standard websites do not.

In addition to credit card information, thieves often purchase and sell Social Security numbers, login passwords, and other sensitive information for a cheap price. Full credit card data, including related information such as the account’s address and ZIP code, often sell for $12 to $20 per account, according to Help Net Security.

But is your account in jeopardy? Most likely not. According to Experian, there are 497 million credit card accounts in the United States, and the Russian group’s data leak includes cards from countries other than the United States.

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Furthermore, if someone does get your credit card information and uses it without your consent, most credit card issuers provide zero-liability fraud protection, so you are unlikely to lose any money.

Finally, credit card issuers are stronger than ever at detecting and preventing fraud before it reaches your account.

That doesn’t mean you shouldn’t be cautious about credit card security. Credit card issuers’ fraud protection systems are not always flawless, and dealing with credit card theft may be difficult, particularly if you have to reset regular payments with a new account number, change passwords, and so on.

Tips for Protecting Your Credit Card Account From Fraud

Here are some steps you may do to protect your credit card accounts against identity thieves:

  • Avoid inputting credit card information on an insecure website; instead, ensure sure the URL starts with HTTPS.
  • When using a public Wi-Fi network, such as those found in coffee shops and airports, avoid inputting credit card information on any website.
  • Watch out for scam emails.
  • Check your online account on a frequent basis; don’t wait until your monthly statement arrives to evaluate transactions.
  • If you lose your card or suspect fraud, contact your card issuer right once.
  • If your credit card company approaches you about a possible fraudulent transaction, respond promptly.

While there is no way to completely avoid credit card theft, these procedures may make you a more difficult target—and keep things from growing worse if it does occur.

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