: The analyzed shop earned roughly $104 million in gross revenue over four years.
This study is particularly interesting because it uses leaked data from a major underground shop to reveal the actual finances and business models of the "carding" world. Key Findings from "Swiped" buy stolen credit card numbers online
: In contrast, 83% of "card-not-present" data (used for online shopping) was sold, indicating it is in much higher demand and shorter supply. : The analyzed shop earned roughly $104 million
Research from various sources, including Michigan State University and F-Secure , details the mechanics of these marketplaces: including Michigan State University and F-Secure