According to a story in the London Telegraph, information from stolen credit cards are selling on the Internet for as little as 25p. Bank account information sells for between £15 and £200 while social security and other identification cards cost less than £5.
The price of stolen credit card information has dropped about 75% over the past six months, as supply seems to outstripping demand. The most valuable information is detailed address and personal information say from MySpace or Facebook, to craft highly targeted phishing schemes.
With the falling prices, now might be a good time for authorities to follow Gresham's Law and deliberately flood the Net with bogus stolen credit information and such to drive the prices down even further, and force hackers to spend energy trying to determine what is real from what is bogus information.
