Singaporeans account for 11% of stolen card data: study

In terms of price, Japan is most expensive whilst New Zealand saw the most growth.

Singaporeans are the second-most affected globally by payment card scammers, with 11% of stolen payment card information belonging to Singaporeans, according to a study by NordVPN.

Globally, based on volume, 60% of the payment cards with stolen info sold on the dark web belong to US users, followed by Singapore, and Spain (10%).

Stolen payment card prices on the dark web had risen by as much as fivefold, NordVPN found. The global average sits at around $8.

In terms of price, in Asia, Japan leads with cards averaging $22.8, followed by Kazakhstan ($16.87) and Thailand ($15.08). The most expensive listings come from Japan, at $23.

In Oceania, New Zealand tops the region ($13.39) followed by Australia ($9.11).

New Zealand saw the largest increase in prices— with the rise at more than 444%.

Pricing on the dark web mostly follows simple supply and demand. Criminals pay more for cards from countries where supply is low and anti-fraud controls are strict, such as Japan, said NordVPN.

(All values are in USD terms unless otherwise stated)