Last updated on June 23, 2020
The thievery of credit card data is nothing new. The average price value of stolen card data has ranged from $2-$8 per account. However, recently card values have spiked up to $15-$20 per card. Companies are getting better at protecting accounts from suspicious tickets but still, be mindful of non-chip-based purchases.
As KrebsonSecurity mentions, a likely cause for this spike is likely because the United States has yet to make the transition to chip-based cards. It is currently in progress, but many companies still need to complete the transition. Aside from non-chip-based cards, there are many companies who also do not process chip-based payments.
What this means is…be vigilant in where you use your card. There is a market for this data and criminals will be cunning in their method for obtaining your data. Things you can do to protect your data ranges from:
- Use only chip-based cards.
- Do not shop at companies that do not allow payment via chip.
- Only shop at reputable trustworthy websites.
- Monitor your accounts by reviewing monthly statements.
“When it comes to privacy and accountability, people always demand the former for themselves and the latter for everyone else.”
– David Brin