Cost to Buy A Hacked Bank Account

in Business Risk, Transnational Crime

According to security researchers with McAfee, online hackers sell the log-in credentials for online banking accounts for a portion of the available balance.

For a United States bank account with full log-in information, the account is sold for 2 percent of the total balance of money that is in the account. A European Union based account costs 4 to 6 percent of the balance.

Online money payment systems are also sold on cybercrime forums. The log-in details for accounts with PayPal or Moneybookers are sold for 6 to 20 percent of the balance that is in the account.

To launder cash through Western Union, hackers charge 10 percent of the amount to be transferred.

(More cybercrime and internet hacking prices here.)

Source (PDF):  Raj Samani, Francois Paget, “Cybercrime Exposed: Cybercrime-as-a-service,” McAfee, White Paper, July 2013.

(Additional examples of money laundering.)

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