{"id":125,"date":"2023-04-18T21:41:39","date_gmt":"2023-04-18T21:41:39","guid":{"rendered":"https:\/\/rembrandt.virtuabrands.com\/?p=125"},"modified":"2023-04-18T21:41:39","modified_gmt":"2023-04-18T21:41:39","slug":"fraudsters-have-become-so-brazen-theyre-giving-stolen-credit-and-debit-card-records-away-for-free","status":"publish","type":"post","link":"https:\/\/rembrandtai.com\/news\/fraudsters-have-become-so-brazen-theyre-giving-stolen-credit-and-debit-card-records-away-for-free\/","title":{"rendered":"Fraudsters Have Become So Brazen, They\u2019re Giving Stolen Credit And Debit Card Records Away For Free"},"content":{"rendered":"

To celebrate its first year in \u201cbusiness,\u201d a darknet website called BidenCash has leaked the credit and debit card records of millions of consumers, for free. The data contained in the massive dump included the full names, email addresses, phone numbers, home addresses, card numbers, expiration dates and CVV codes of 2,141,564\u00a0unique card holders\u2026<\/p>\n

All the personal identifiable information (PII) and card data needed for fraudsters to quickly conduct millions of illicit transactions.<\/p>\n

Shamelessly, BidenCash said in a \u201cthank-you\u201d note to its customers, \u201cWe are thrilled to have reached our first year anniversary as an online store, and we couldn\u2019t have done it without your support!<\/em><\/p>\n

\u201cThank you for choosing our store and for trusting us to provide you with quality products and excellent service.<\/em><\/p>\n

\u201cWe are proud to have you as a customer, and we look forward to continuing to serve you in the coming years.\u00a0Your loyalty and trust are what motivate us to keep improving and growing our business.\u201d<\/em><\/p>\n

This was certainly a sickening act and an unabashed statement; but it\u2019s not the first time a dark web carding marketplace has given away records and PII for free. In fact, it\u2019s not the first time BidenCash itself has done this.<\/p>\n

Last October, as a way to \u201cadvertise\u201d its business, BidenCash released credit card records of 1.2 million consumers. Two months earlier, one of its competitors, All World Cards, released 1 million of its stolen records. Both dumps were designed to attract new \u201ccustomers\u201d to their sites and were released free of charge.<\/p>\n

As orchestrators like BidenCash and All World Cards grow more brazen in their efforts, the probability of additional paid and free card data dumps is extremely likely to continue\u2026<\/p>\n

In fact, it\u2019s practically guaranteed; and it\u2019s the banks and credit unions that are paying the price.<\/p>\n

A recent report from LexisNexis shows that in 2022, every $1 stolen through fraudulent activities resulted in $4.36 in total costs incurred by financial institutions.\u00a0 Meaning a $1,000 fraud now costs FIs $4,360 to resolve.<\/p>\n

But this is just the beginning, as these costs are widely expected to grow far more devastating.<\/p>\n

It\u2019s why now is the time for banks and credit unions to better protect themselves and their depositors from fraud. While it may be nearly impossible to prevent all data breaches and data leaks, it is possible to detect and prevent the resulting fraudulent transactions at the institutional level\u2026<\/p>\n

And it\u2019s possible to reduce and potentially eliminate the massive real costs associated with these crimes.<\/p>\n

A real-time operating artificial intelligence solution, developed by\u00a0ToolCASE<\/a>, has this distinct and remarkable capability. It\u2019s called RembrandtAi and its application has already saved financial institutions hundreds of millions in fraud costs. Yes, hundreds of millions.<\/p>\n

RembrandtAi works around the clock \u200cto keep bank customers, credit union members, and institutional capital safer from unsavory actors; and It\u2019s already been proven, over and over again, to help reduce fraud costs within just days of implementation.<\/p>\n

Unlike most legacy fraud detection and preventions systems that alert fraud teams of potential threats in post transactional batch data, RembrandtAi can detect fraudulent transactions as they\u2019re happening.<\/p>\n

With the costs of fraud growing out of control, and shameless bad actors giving away PII and card data for free\u2026<\/p>\n

Now\u2019s the time for your institution to implement RembrandtAi.<\/p>\n

Discover how RembrandtAi can save your institution potentially millions in fraud costs, and how this remarkable technology can transform your bottom line at\u00a0www.ToolCASE.com<\/a><\/p>\n

For a FREE, one-on-one demonstration of RembrandtAi, simply schedule your demo,\u00a0HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

To celebrate its first year in \u201cbusiness,\u201d a darknet website called BidenCash has leaked the credit and debit card records […]<\/p>\n","protected":false},"author":5,"featured_media":126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[23,24,25,27,28,29,30,34,18],"class_list":["post-125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-article","tag-real-time-fraud-detection","tag-security","tag-cybersecurity","tag-credit-card-fraud","tag-credit-bureaus","tag-bank-unions","tag-data-breaches","tag-financial-fraud-detection","tag-artificial-intelligence"],"yoast_head":"\nFraudsters Have Become So Brazen, They\u2019re Giving Stolen Credit And Debit Card Records Away For Free - RembrandtAi\u00ae<\/title>\n<meta name=\"description\" content=\"ToolCASE: The World\u2019s Most Advanced Transactional AI Company and Global Industry\u2019s Preferred Choice for Real-Time, Customizable Artificial Intelligence Solutions\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rembrandtai.com\/news\/fraudsters-have-become-so-brazen-theyre-giving-stolen-credit-and-debit-card-records-away-for-free\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fraudsters Have Become So Brazen, They\u2019re Giving Stolen Credit And Debit Card Records Away For Free\" \/>\n<meta property=\"og:description\" content=\"ToolCASE: The World\u2019s Most Advanced Transactional AI Company and Global Industry\u2019s Preferred Choice for Real-Time, Customizable Artificial Intelligence Solutions\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rembrandtai.com\/news\/fraudsters-have-become-so-brazen-theyre-giving-stolen-credit-and-debit-card-records-away-for-free\/\" \/>\n<meta property=\"og:site_name\" content=\"RembrandtAi\u00ae\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-18T21:41:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rembrandtai.com\/wp-content\/uploads\/2023\/04\/11.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1708\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/rembrandtai.com\/news\/fraudsters-have-become-so-brazen-theyre-giving-stolen-credit-and-debit-card-records-away-for-free\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/rembrandtai.com\/news\/fraudsters-have-become-so-brazen-theyre-giving-stolen-credit-and-debit-card-records-away-for-free\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Fraudsters Have Become So Brazen, They\u2019re Giving Stolen Credit And Debit Card Records Away For Free\",\"datePublished\":\"2023-04-18T21:41:39+00:00\",\"dateModified\":\"2023-04-18T21:41:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/rembrandtai.com\/news\/fraudsters-have-become-so-brazen-theyre-giving-stolen-credit-and-debit-card-records-away-for-free\/\"},\"wordCount\":609,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/rembrandtai.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/rembrandtai.com\/news\/fraudsters-have-become-so-brazen-theyre-giving-stolen-credit-and-debit-card-records-away-for-free\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/rembrandtai.com\/wp-content\/uploads\/2023\/04\/11.jpeg\",\"keywords\":[\"Real-time fraud detection\",\"Security\",\"Cybersecurity\",\"Credit card fraud\",\"Credit bureaus\",\"bank unions\",\"data breaches\",\"Financial fraud detection\",\"Artificial Intelligence\"],\"articleSection\":[\"Industry Article\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/rembrandtai.com\/news\/fraudsters-have-become-so-brazen-theyre-giving-stolen-credit-and-debit-card-records-away-for-free\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/rembrandtai.com\/news\/fraudsters-have-become-so-brazen-theyre-giving-stolen-credit-and-debit-card-records-away-for-free\/\",\"url\":\"https:\/\/rembrandtai.com\/news\/fraudsters-have-become-so-brazen-theyre-giving-stolen-credit-and-debit-card-records-away-for-free\/\",\"name\":\"Fraudsters Have Become So Brazen, They\u2019re Giving Stolen Credit And Debit Card Records Away For Free - 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