War In Ukraine Drives A Decline In Stolen Cards

The Russian invasion of Ukraine in early 2022 is directly linked to a  major decrease in stolen payment card records published to the Dark Web.

Researchers at Recorded Future have released report that describes how the Russian invasion of Ukraine in early 2022 led to a 62% decrease in stolen payment card records. “2022 was a year of system shocks, and the payment card fraud market did not survive unscathed." Russia’s cyber crime crackdown, followed promptly by its full-scale invasion of Ukraine in February 2022, produced lower carding volumes for the remainder of the year. 

Recorded Future stated that it detected a decline in the volume of card-not-present records and card present records on Dark Web carding shops and connects this decrease to two significant events that occurred at the beginning of the year.

  • The first event identified by Recorded Future was a crackdown on cyber crime groups conducted by the Russian state. The operation included arresting suspected members of REvil ransomware group, a leading perpetrator of credit card theft. 
  • The other event was Russia’s invasion of Ukraine, which Recorded Future states impacted threat actors’ ability to engage in card fraud.

“In total, 2022 saw 45.6 million card-not-present (CNP) and 13.8 million card-present (CP) payment card records posted for sale to carding shops on the Dark Web. These figures were considerably lower than the 60 million CNP and 36 million CP records posted for sale in 2021,” says Recorded Future’s Report. 

These records were later published to the Dark Web on cyber crime underground forums and the Report from Recorded Future details all payment fraud trends and information from 2022. 

Recorded Future:      Recorded Future:    CyberWire:    Oodaloop:     Infosecurity Magazine:     ITSecurity News

You Might Also Read: 

One Million Stolen Credit Cards Hit The Dark Web:
___________________________________________________________________________________________

If you like this website and use the comprehensive 6,500-plus service supplier Directory, you can get unrestricted access, including the exclusive in-depth Directors Report series, by signing up for a Premium Subscription.

  • Individual £5 per month or £50 per year. Sign Up
  • Multi-User, Corporate & Library Accounts Available on Request

Cyber Security Intelligence: Captured Organised & Accessible


 

« The Back Door Threat To Cybersecurity
British School Childrens' Confidential Data Dumped »

Infosecurity Europe
CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

ZenGRC

ZenGRC

ZenGRC (formerly Reciprocity) is a leader in the GRC SaaS landscape, offering robust and intuitive products designed to make compliance straightforward and efficient.

Practice Labs

Practice Labs

Practice Labs is an IT competency hub, where live-lab environments give access to real equipment for hands-on practice of essential cybersecurity skills.

MIRACL

MIRACL

MIRACL provides the world’s only single step Multi-Factor Authentication (MFA) which can replace passwords on 100% of mobiles, desktops or even Smart TVs.

CSI Consulting Services

CSI Consulting Services

Get Advice From The Experts: * Training * Penetration Testing * Data Governance * GDPR Compliance. Connecting you to the best in the business.

ManageEngine

ManageEngine

As the IT management division of Zoho Corporation, ManageEngine prioritizes flexible solutions that work for all businesses, regardless of size or budget.

Cleo

Cleo

Cleo is a leader in secure information integration, enabling both ease and excellence in business data movement and orchestration.

Professional Information Security Association (PISA)

Professional Information Security Association (PISA)

PISA is an independent and not-for-profit organization for information security professionals, with the primary objective of promoting information security awareness and best practice.

CSA Events

CSA Events

Cloud Security Alliance conducts a series of conferences around the world. This listing provides a link to details of upcoming events.

IS Decisions

IS Decisions

IS Decisions builds affordable and easy-to-use Access Management software solutions, allowing IT teams to effectively secure access to Active Directory infrastructures, SaaS apps and data within.

IT Security House

IT Security House

IT Security House is a leading European supplier of Cyber Security Intelligence and eCrime services.

Mnemonica

Mnemonica

Mnemonica specializes in providing data protection system, information security compliance solutions, cloud and managed services.

Capula

Capula

Capula is a leading system integration specialist for control, automation and operational IT systems across all applications and industry sectors.

National Initiative for Cybersecurity Education (NICE) - USA

National Initiative for Cybersecurity Education (NICE) - USA

NICE is a partnership between government, academia, and the private sector focused on cybersecurity education, training, and workforce development.

Altaro Software

Altaro Software

Altaro provide backup solutions that are intuitive, easy to use, well-priced and backed by outstanding 24/7 support as part of the package.

Novastor

Novastor

NovaStor® is an award-winning, international data backup and recovery software company with solutions supporting physical, virtual and cloud environments.

Highland Capital Partners

Highland Capital Partners

Highland Capital Partners is an early stage venture capital firm focused on category-defining businesses in consumer and enterprise technology, including cybersecurity.

Network Center Inc (NCI)

Network Center Inc (NCI)

NCI is one of the largest IT solution providers in the Midwest. We specialize in industry specific technology solutions, service, support, and expertise for small to enterprise businesses.

CyberMDX

CyberMDX

CyberMDX delivers proactive security built for hospital devices. 360° visibility, insight, and protection for all connected hospital technologies.

LocateRisk

LocateRisk

LocateRisk provides more efficiency, transparency and comparability in IT security with automated, KPI-based IT risk analyses.

Radiant Security

Radiant Security

Radiant Security offers an AI-powered security co-pilot for Security Operations Centers (SOCs). Reinforce your SOC with an AI assistant.

Cura Technology

Cura Technology

Cura Technology offers a wide array of security solutions meticulously designed to address specific facets of your security requirements.