HITB GSEC Singapore (August 21st - 25th)
Register Online Now!
Hackers sell PayPal accounts for 50 cents
Compromised PayPal accounts are a valuable commodity in the criminal underground, and crooks frequently trade them in shadowy online forums. But it wasn’t until recently that I finally encountered a proper Web site dedicated to selling hacked PayPal accounts.
Many of the PayPal accounts for sale at iProfit.su have a zero balance, but according to the proprietor of this shop these are all “verified.” PayPal “verifies” an account when a customer agrees to attach a bank account to it; PayPal then sends a micropayment the bank account, and asks the user the value of that mini deposit. A bonus feature: all the hacked PayPal profiles currently for sale at iProfit.su are advertised as having a credit card attached to them, which is another way PayPal accounts can be verified.
The creator of iProfit.su also advertises private, bulk sales of unverified PayPal accounts; currently he is selling these at $50 per 100 accounts – a bargain at only 50 cents apiece.