From the that’s-not-good dept.:
Leaks of personal credit card information have become increasingly serious in China, reports the Beijing Times.
The stolen information is sold online and priced differently according to its “quality.” Secondhand information that has previously been sold is priced at 0.35 yuan (US$0.06) per item whereas info on platinum card users can fetch as much as 5 yuan (US$0.80). It takes only a few minutes for information buyers to place orders and obtain their “goods” through social networks and online payment tools.
Read more on Want China Times.