The massive breach of Sony’s PSN service has resulted in the possible theft of an unprecedented amount of sensitive information. The ramifications have been felt not only by consumers, but banks, credit card issuers, and other tributary industries. But here are some victims you probably haven’t considered: other hackers.
According to the NYTimes blog Bits “hackers who steal credit card numbers and personal identities online and then sell and trade this information” may be hurting just as much as anybody. These information dealers “are worried that the distribution of millions of credit cards could flood the market and lower prices.”
One source the blog spoke with claimed that stolen credit cards are “usually sold for about $US5 to $US10 online,” but that if the millions of cards belonging to PSN users were to become available “the price could fall to well below the standard rate to as low as $US1 or $US2 each.”
So how about it: does this make you feel any better? The do say that misery loves company—I’m just not sure it loves the company of cyber-criminals.