Hackonomics: Crime still pays for identity thieves-just a little less than it once did

Your personal identity isn’t worth quite as much as it used to be — at least to thieves willing to swipe it.According to experts who monitor such markets, the value of stolen credit card data may range from $3 to as little as 40 cents. That’s down tenfold from a decade ago — even though the cost to an individual who has a credit card stolen can soar into the hundreds of dollars.The black market for personal data is even less transparent the market for derivatives and other unregulated financial instruments, but it works like any other market: When the supply of goods is plentiful, prices start to sink.
http://www.newsweek.com/id/165996

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