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Target Hackers Have More Data Than They Can Sell
itwbennett writes "The hackers who stole millions of credit card numbers from Target customers are probably 'laying low knowing that everyone is looking for them,' says Alex Holden, who runs cybercrime consultancy Hold Security. But it's also likely that they can't sell them: 'You can imagine that having a lot of stolen credit cards will not net the hackers, say $35 per card for all 40 million,' said Holden. 'Even if the hackers are willing to sell cards for $1 a card, no one will buy the stolen goods in these amounts.'"
My bank (Chase) has sent out new cards to anyone that had a transaction at Target during the time period they indicated of the breach, and many other banks/financial institutions have done likewise. The value of the purloined data is heading towards nil quickly.
Well given how successful this was on a Windows based POS system, just imagine all the restaurants, and bars that might be compromised too. I'm in agreement with what others have said; we need to go to the Chip-and-PIN system. If we are going to be replacing CC for potentially hundreds of millions of people, now is the time to make the switch. If the bank wants to charge me a few extra bucks for a fancy new card, do it. I'd rather have the peace of mind after this fiasco.
Life is not for the lazy.
Wait, American's aren't using chip and pin yet?