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Prices For Stolen Credit Card Numbers Fall

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The price for stolen credit card numbers is falling, with card numbers going for prices between 40 and $20 a piece. This Slate article says the reason is falling demand, because credit card companies are cutting down on fraud and making it harder to profit off a stolen number. But people with just a basic understanding of macroeconomics can probably think of another reason for falling prices...say, for instance, a supply glut. The same article even talks about the development of one-stop ID theft "supermarkets" with fixed prices and bulk discounts. Hmm, yes, critical thinking, it's good for the brain. Credit Card Numbers for Sale [Slate] (Photo: largeprime)

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I think you mean from 40 cents a piece to 20 cents a piece. Going for 40 cents to $20 would be a incredible price increase instead of a price decrease.

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I think it means the range is $.20 to $40.

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err..40 cents to 20 dollars, you know what i mean

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So hey, a quick $20... sell my credit card number to a scammer, and tell my CC company that I need to cancel the account.

Score!

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Dang it, I bought a bunch of these last month for $60/piece. Do you think they'll price match if I still have the receipt?

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Supply and demand of this sort are Micro-economics, not Macro.

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Like cocaine, more demand = more production = lower price.

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Just a thought, but how would you pay for stolen credit card numbers? I don't suppose they would take a check, and getting cash to somewhere in Belarusk could be a problem.

If you used your credit card wouldn't that just add to their list? Maybe that's how they got these numbers in the first place.