There is now so much personally identifiable information available on the dark web that fraudsters are shopping the bargain bin for card data but are willing to pay more for complete profiles.

“Legitimate businesses are not the only ones undergoing a digital transformation,” John Buzzard, industry fraud specialist for the Rancho Cucamonga, Calif.-based CO-OP Financial Services, said. He observed the largest amassing of worldwide PII data took place from 2013 to 2015, according to Forbes. “Not only is the data ripe for picking, it is sitting there sometimes unprotected.”


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Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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