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Black Friday, Cyber Monday Sale on Stolen Credit Cards

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Retailers aren't the only ones who go in on Black Friday and Cyber Monday sales.  Cyber criminals are offering discounts on stolen credit and debit card information.

As we've documented over the last few months, retail hacking has been on the rise.  What do the hackers do with the credit and debit card information they steal?  One option is to sell the information, which can then be encoded onto new cards and used to shop in brick and mortar retail stores.  Others sell the information to people who use the cards to shop online.

How do hackers get your card information?  As we've seen, there are a number of methods for stealing your information from retail stores.  Another method is to set up a website selling fake goods.  If the price on that gadget your kid wants looks too good to be true and is being advertised from a website you've never heard of, it probably is too good to be true.

The best way to prevent becoming a victim to credit card thievery is to just use cash if you're shopping in a store.  If you're shopping online, make sure you're on a legitimate, trusted website.  It's also safer to use a credit card since a debit card is a direct line to your bank account.