Security News > 2021 > January > Stolen credit card shop Joker's Stash closes after making a fortune
The administrator of Joker's Stash, a popular and one of the longest-running marketplace for cybercriminals to purchase stolen credit cards, announced on Friday that they would permanently shut down the operation next month.
The illegal card shop opened in 2014 and became famous for providing fresh stolen credit card data and a promise of card validity; some of the cards were touted to be exclusive to Joker's Stash.
In October, the card shop's activity had dropped unexpectedly.
The quality of credit card records dropped as the influx of fresh data decreased while competitors posted larger volumes of card-not-present data.
Gemini Advisory says that Joker's Stash added more than 40 million new card records over the past year, most of them from physical transactions at a point-of-sale.
Gemini Advisory estimates that Joker's Stash made more than $1 billion from selling stolen credit card data.