RSA’s Daniel Cohen Describes Use of Social Media to Sell Stolen Cards

A new report from threat researchers at RSA describes how cybercriminals are using social media, including Facebook, to not only network about their attacks, but also sell card data and other compromised consumer information – all in open, public forums.

Daniel Cohen, head of RSA FraudAction, says the company found that hackers and fraudsters had posted more than 15,000 stolen payment cards for sale on social media, including Facebook and WhatsApp.

During this video interview at RSA Conference, Cohen discusses:

  • How cybercrime rings from different geographical regions use social media in different ways;
  • Why law enforcement can’t keep up with all of the public forums cropping up for cybercrime; and
  • Why cybercriminals are getting more public about their nefarious activities.

RSA’s FraudAction business unit provides hundreds of organizations worldwide with anti-fraud services, including phishing and malware-attack mitigation and cybercrime intelligence operations. Cohen often speaks about cybercrime trends at industry events.