Fraud Management & Cybercrime , Next-Generation Technologies & Secure Development , Social Media

How Cybercriminals Use Facebook

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.

See Also: Treat Data Security Like Firefighting

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 2016, 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.

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About the Author

Tracy Kitten

Tracy Kitten

Former Director of Global Events Content and Executive Editor, BankInfoSecurity & CUInfoSecurity

Kitten was director of global events content and an executive editor at ISMG. A veteran journalist with more than 20 years of experience, she covered the financial sector for over 10 years. Before joining Information Security Media Group in 2010, she covered the financial self-service industry as the senior editor of ATMmarketplace, part of Networld Media. Kitten has been a regular speaker at domestic and international conferences, and was the keynote at ATMIA's U.S. and Canadian conferences in 2009. She has been quoted by, ABC News, and MSN Money.

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