How Computer Hackers and Identity Theft Are Related

People who commit identity theft come in all shapesnumber:
and sizes. If you are one of the unfortunate victims ofIn stolen data networks, stolen credit card numbers
identity theft, it is most likely that the person whoand other personal data are posted for sale by the
gained access to your personal information is aperson who was able to access that particular
hacker.information. This credit card number can be purchased
The electronic age has paved the way for mostfor exclusive use or it can be used in a "joint venture."
organized crimes operating on identity theft crimes toIn the latter transaction, CCs will be used by other
include hackers in their league since millions of personalnetwork members to make purchases that will be
information are being exchanged in various networksdelivered to various drop sites. Other networks will
all over the world. Crime syndicates either hirethen have these goods picked up and sold. The
professional hackers to include in their team, use theirproceeds of this transaction will then be shared among
own hackers, or buy personal data from onlinethe participants of this specific activity.
hackers.As for newbies (new members of stolen data
What do they do with stolen credit cards and socialnetworks), they are often obligated to participate in a
security numbers?number of dummy test runs to ensure that the seller
Millions of data are stolen by computer hackersand the credit card numbers that they are selling are
everyday. Most of them breach networks ofgenuine and functional. This step is necessary to build
well-known establishments whose client database cancredibility and integrity in the stolen data network.
be accessed online. These data often include creditThere are even credit card hacking sites that feature
card numbers, social security numbers, bank accounta rating system where all members can rate or post
numbers and other pertinent information. More oftenfeedbacks on the "quality" of the stolen card. The
than not, these data are then sent to a network ofquality is often dependent on the credit limit, and
illegal trading sites where computer hackers andwhether the credit card number can actually make
criminals all over the world converge to buy and sellpurchases. Some of this site also features requests
these personal data for very huge profits.for specific types of stolen information. For instance, if
These networks of stolen data flourished out in theyou know of an illegal alien who needs a social
open and they were estimated to have made moresecurity number to be legally employed then you can
than $5 million in less than two years of its operation.request that particular information from the site. They
Within the span of these months, they traded 1.5 millioncan also find email phishing templates that newbies
stolen credit cards.can use to engage in identity theft activities without
How does a credit card hacking transaction proceed?having enough technical knowledge.
Here is what takes place with a stolen credit card