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UK bank details sold for a fiver

UK bank details sold for a fiver

08.04.2008

This genius investor does dizzying levels of research to uncover...Half Price Shares!

Criminals are stealing the bank account details of unsuspecting Britons and selling the information on the internet for as little as £5 a new report has revealed.

The latest twice-yearly Internet Security Threat Report from Symantec also observed that attackers are targeting users of popular social networking sites.

The report for the period 1 July to 31 December 2007 showed the United States was the top country for malicious activity, making 31% of worldwide total.

Britain ranked fourth in the table at 4% of the total, unchanged from last time. China and Germany both accounted for 7% of malicious activity during the last six months of 2007.

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Bank accounts were the most commonly advertised item for sale on underground economy servers known to Symantec, accounting for 22% of all items.

It seems that identities of account holders in the European Union are the most expensive to buy, priced at around 50% more than US identities, indicating strong demand.

Online fraudsters have been offering 50 credit card numbers for $40, said Symantec, and 500 numbers for $200. Identities were also available in bulk, at $100 for 50 items.

Well over half the data breaches were down to theft or loss of computer or other data-storage medium, making 57% of the total and accounting for 61% of the identities exposed in the second half of 2007.



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FTSE 100 - 06 Jul 08