Is BriansClub a Paradise for Fraudsters?

Is BriansClub a Paradise for Fraudsters?

Is BriansClub a Paradise for Fraudsters?

BriansClub is an online marketplace that sells individual compromised credit and debit cards from most countries. In my opinion, this site is a paradise for fraudsters, as it’s been hacked and phished.

It’s A Phishing Site

BriansClub is one of the largest black market sites for stolen credit card data. In 2019, the site had almost eight million records to sell. Its street value is estimated to be about $566 million.

The name of the site was inspired by independent investigative journalist Brian Krebs. He first reported the hack on his website, KrebsOnSecurity.

The BriansClub database includes 26 million records from hacked retailers. These details are encoded on a magnetic strip similar to a credit card. The data is also available in plain text format. The information was obtained using data-grabbing malware.

The site also resells stolen cards that were originally sold by other cybercrooks. The site has gained popularity and is known as a target for hackers.

The stolen credit card details from BriansClub are used for online fraud. The site earns a small percentage of each sale. The total amount of stolen card data that was sold by the site in the last four years is estimated to be $414 million.

It Sells Individual Compromised Cards from Most Countries

BriansClub is one of the largest online markets for stolen credit card data. In early 2015, the site listed 1.7 million cards for sale. It added another 4.9 million records in 2017, and then 7.6 million in the first eight months of 2018.

In the end, the site earned a total of $126 million in Bitcoin and $80 million in commissions. But the company doesn’t publicly share how much of its profits go to the owners. It also isn’t clear how much of the revenue goes to its affiliates, or to the suppliers of its compromised credit card data.

A recent analysis of the BriansClub database showed that more than half of the records were issued by the top ten largest card issuers in the United States. The remaining cards were from smaller financial institutions. It also discovered that the majority of the compromised cards were chip-based.

The stolen data included both “standard” and “gold” cards. The company has a “checker service” which runs a few dinky charges to verify the validity of the cards.

It’s A Paradise for Fraudsters

For the uninitiated, a carding market may be the place to go for your financial data, but you need to be careful when you’re not on the lookout. Fortunately, the aforementioned BriansClub isn’t the only place to get your hands on a hacked credit card or debit card, and the latest round of federal hacking charges aren’t the end of the world. However, there are still a few tips and tricks to keep in mind when shopping for your next one.

For starters, don’t buy your cards from an affiliate. If you do, you’ll pay a steep price in the form of stolen credit card numbers. If you are smart, you’ll look for a reputable company that does the legwork for you. Another tip is to use an encrypted credit card if possible. This way, you can avoid the hassles of the usual cash registers.

Of course, you’ll have to use a bit of detective work to figure out who you’re dealing with. Some sites, like the ones listed above, will send you on a wild goose chase, while others will hand you your money with a side of booze.

It’s Been Hacked

BriansClub, an online black market for stolen credit card information, was hacked in September and October 2018. According to security intelligence firm Flashpoint, the hack is worth at least $414 million.

BriansClub sells stolen credit card data to cybercriminals for cut-and-resale. The company earns an undetermined percentage of each sale. It also traffics in payment details submitted by other hackers.

BriansClub is not a licensed business, but it is a legitimate organization that has been around since 2015. The website traffics in stolen card data, which is used by criminals to make payments. This includes debit and credit card records, as well as CVV2 and track1/track2 data.

The data was stolen from hacked retailers over a four-year period. It was then encoded onto a magnetic strip the size of a credit card. It is stored in a database that can be searched by people who have a valid account with BriansClub. The site reportedly made a profit of $126 million from sales.

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