In this digital era, we make one or more transactions from our card everyday. We take all necessary actions to keep our card safe and take immediate actions in case of loss of card. But what would you do, if your card details are uploaded in some site with all private details required, without you being aware of it?
To give you a glimpse on such a horrible situation - recently, a database of Indian banks containing more than 450,000 card details has been transferred on to the dark net. This appalling case was unveiled by a Singapore-based cyber security organization Group-IB. Being more precised, the whole database has 461,976 payment card records, of which 98% have a place with enormous Indian banks, and was transferred on to card shop site Joker's Stash, which is mostly utilized by cyber criminals to purchase and sell card information on the dark net.
To retain the reputation and security of banks, Group 1B has not unveiled the names of Indian banks that has got caught in this con trick. However, the revelation of bank's name would create a huge chaos among the bank's customer and would indirectly effect the fame and economy of nation.
We all would have heard of dark net, an illegal and menacing part of internet that is used for illicit transactions and deals. The dark net is a system of secret sites that exist on an encoded network, escaped the web from our perspective. The site holds huge amount of dataset of cards and claims that it has the most present installment card subtleties got to through breaches.
The database contained all the details of the customers and their cards like card numbers, expiry dates, CVV/CVC codes, complete names of cardholders, email ids, telephone numbers along with their addresses. All these cards have got high deals in dark net, where it can be sold with a cost of $9 per card that gives a total database around $4.2 million or can be expected to be more.
This is not the first time that the payment cards details are revealed in illegal sites, however, this time its abundant number of cards that are leaked in dark net ever. In the first ever case was announced in October, where card dumps (the data contained in the card's magnetic stripe) could have been taken through undermined disconnected retail location terminals. Moreover, the breach of card details were much easier this time, since the database was easily compromised by online transaction made by us in day-to-day life.
Is there a way out of it, in my opinion, its difficult to find. The cyber crimes now-a-days have reached to a pace where one can find any private detail he wants. Sometimes, I feel, it was good in our old times itself, when we were not so digitalized. Eventhough, the life has gone simple with easy online transactions, still there is always a threat of security breach lying around us.