Are Stolen Facebook Profiles the New Hot Commodity?

When you think of fraud and identity theft on the internet, the first thing that typically comes to mind is stolen credit cards, not stolen Facebook profiles. In the fraudulent black markets that proliferate in private ICQ rooms and underground web forums, credit card information is currently trading for around 37 dollars per account according to Ecommerce Journal. Facebook profiles are trading for just over 1 dollar.

If you are looking for the “big bucks” in the black market selling stolen credit cards may still be the best way but you would imagine that it’s easier to get someone to part with their Facebook password than their credit card data.