CyberCRIME January, 23rd 2009 by admin

Chinese hackers eye $400 million market

In 2007, the domestic market for Chinese virtual goods was estimated at $900 million and 45% of that directed at Tencent online products, the owner of QQ. A QQ coin, which has been described as a possible dual-currency for the number of items it can purchase outside of QQ, is priced at 1 yuan (15 cents). In 2007, the going rate for selling a QQ coin was at a discount rate of about .8 yuan. Let’s say that of those million stolen accounts, each one has at least 5 QQ coins. [DarkVisitor]

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