Stolen Twitter accounts are of greater value than credit card data

Tools

Stolen Twitter accounts are now valued more than stolen credit card numbers in the cybercrime black market, if you would believe a new report from RAND Corporation, commissioned by Juniper Networks. Titled "Markets for cybercrime tools and stolen data," the lengthy 60 plus page report noted that it takes more to purchase a Twitter account than a credit card number, given the potentially greater yield of the former.

Of course, part of the reason has to do with the falling value of stolen credit card numbers, which starts high but plunges radically the longer the elapsed time after the security breach that yielded them is. The other consideration would be the increasing value of social media accounts, which offers value in terms of their reach to genuine users, an aspect that would certainly be valued by both spammers and hackers. You can download the free report from here.

Earlier this year, we reported on how a developer named Naoki Hiroshima lost his coveted '@N' Twitter account through blackmail. The attacker apparently went to great lengths to hijack the registered email account, and ended up with the control of his GoDaddy account that was leveraged to successfully force Hiroshima to give up his Twitter username. Fortunately, the story went viral and it ended well for Hiroshima who ultimately was given control of his account many weeks later.

For more:
- check out this article at ZDNet

Related Articles:
How Twitter relies on open source to scale its infrastructure
How a developer lost his $50k Twitter username
Blogger sued for $340,000 over Twitter account

Filed Under