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Surge in stolen ID sales.

Credit Expert, Experian'sweb monitoring service, has reported "a massive surge" in the selling of stolen online log-in credentials involving British Internet users.

The number stolen in the first four months of 2012 is said to outstrip the number sold in all of 2010, when 9.5 million pieces of purloined personal information were traded in online forums.

In the first four months of 2012, CreditExpert reported that more than 12 million pieces of personal information about British online users were traded.

CreditExpert pointed to proliferating online accounts-with many users now having dozens of accounts-as fuel for the explosion in online credential sales.

Asked for comment, Steve Santorelli, a cyber fraud expert with security researchers Team Cymru, said he was not aware of any recent surge in credential sales.

He added that the release of the theft data might simply be viewed as "good marketing" by CreditExpert, which is in the business of selling credential protection services.

Skepticism aside, continued reporting of log-in data breaches, at Yahoo, LinkedIn and many more, has contributed to raising awareness among Internet users for better online protections.
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Title Annotation:In Brief
Publication:Credit Union Times
Date:Jul 25, 2012
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