Security News > 2020 > April > Collection of South Korean, U.S. Payment Cards Emerges on Underground Market
A collection of approximately 400,000 payment card records, mainly from South Korea and the United States, has emerged on the dark web this month, Group-IB reports.
Uploaded on a popular darknet cardshop on April 9, this collection represents the largest sale of South Korean records on underground markets this year, the cyber-security company warns.
"While American card dumps have traditionally been most commonly traded in the dark web, the South Korean payment card details are a very rare commodity in the underground. The newly released database marks the biggest sale for South Korean card dumps in 2020," Group-IB notes.
Such dumps are currently the second most popular on underground markets, surpassed only by US-issued card dumps.
There is not enough information in this dump to make online purchases, fraudsters who buy this data can still cash out stolen records. If a breach is not detected promptly by the card-issuing authority, crooks usually produce cloned cards and swiftly withdraw money via ATMs or use cloned cards for illicit in-person purchases," Shawn Tay, senior threat intelligence analyst at Group-IB, commented.