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Report: Hackers Selling Stolen Credit Card Info on YouTube Featured Image

Report: Hackers Selling Stolen Credit Card Info on YouTube

by: Bryon Turcotte  /  June 18, 2014

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 prohibit "_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 cited.

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." Amid 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 to have them pressure Google to remove the content._"

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

Written by Bryon Turcotte  /  June 18, 2014