Report: Hackers Selling Stolen Credit Card Info on YouTube

Recent findings from the Internet-safety research group the Digital Citizens Alliance shows evidence that the YouTube video service has hosted hacker-based video content “selling stolen credit card data“, according to a recent article published on the Bloomberg website. The article indicates that the Washington-based alliance has “accused YouTube of failing to block the videos while profiting from legitimate advertisements that run next to them” after site searches for “how to get valid 2014 credit card numbers” produced almost 16,000 results. According to the article, they hope that their 13-page report will “shed more light on an $18 billion illicit industry.”

Tom Galvin, Executive Director of the Digital Citizens Alliance, was quoted in the article to say, “We were stunned at what we found…dozens, if not hundreds, of examples of stolen credit cards being sold on YouTube.” The article informs that the guidelines laid out by YouTube prohibits “content that encourages illegal activities, including videos selling illicit material” and notes concerned commentary by the company in the wake of these findings. It is noted in the article that even though other web outlets like Microsoft’s have “videos selling stolen credit numbers” – these others were not sited.

Niki Christoff, a spokeswoman for YouTube was also quoted in the article to say, “YouTube’s review teams respond to videos flagged for our attention around the clock, removing millions of videos each year that violate our policies.” In the midst of a world filled with cybercrime and the current view that it is “a growing industry“, the alliance’s report punctuates well as the article quotes it to say, “The unholy alliance between hackers stealing credit card numbers and online markets advertising stolen and bogus credit cards has existed right under our noses. Hackers have been promoting the sale of stolen or bogus credit cards on online markets for years, including on some of our most popular online websites such as YouTube.

The article confirms the plans of the Digital Citizens Alliance to “notify companies that had their advertisements appear alongside videos selling stolen credit card data with the goal of having them pressure Google to remove the content.

Read more in the full article about the group’s findings and what is in the future for these hacker groups who use these outlets to sell illegal information.

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