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Josh Lefkowitz
Chief Executive Officer
Josh Lefkowitz executes the company’s strategic vision to empower organizations with Business Risk Intelligence (BRI). He has worked extensively with authorities to track and analyze terrorist groups. Mr. Lefkowitz also served as a consultant to the FBI’s senior management team and worked for a top tier, global investment bank. Mr. Lefkowitz holds an MBA from Harvard University and a BA from Williams College.
Evan Kohlmann
Chief Innovation Officer
Evan Kohlmann focuses on product innovation at Flashpoint where he leverages fifteen years’ experience tracking Al-Qaida, ISIS, and other terrorist groups. He has consulted for the US Department of Defense, the US Department of Justice, the Australian Federal Police, and Scotland Yard’s Counter Terrorism Command, among others. Mr. Kohlmann holds a JD from the Univ. of Pennsylvania Law School and a BSFS in International Politics from the Walsh School of Foreign Service at Georgetown Univ.
Josh Devon
Chief Operating Officer / VP Product
Josh Devon focuses on product vision and strategy at Flashpoint while ensuring the company’s departments function synergistically during its rapid growth. He also works to ensure that customers receive best in class products, services, and support. Previously, Mr. Devon co-founded the SITE Intelligence Group where he served as Assistant Director. He holds an MA from SAIS at Johns Hopkins Univ. At the Univ. of Pennsylvania, he received a BS in Economics from the Wharton School and a BA in English from the College of Arts and Sciences.
Jennifer Leggio
Chief Marketing Officer / VP Operations
Jennifer Leggio is responsible for Flashpoint’s marketing, customer acquisition, and operations. Ms. Leggio has more than 20 years of experience driving marketing, communications and go-to-market strategies in the cybersecurity industry. She’s previously held senior leadership roles at Digital Shadows, Cisco, Sourcefire, and Fortinet. She’s been a contributor to Forbes and ZDNet, and has spoken on the importance of coordinated disclosure at DEF CON and Hack in the Box, and on threat actor “publicity” trends at RSA Conference, Gartner Security Summit, and SXSW Interactive.
Chris Camacho
Chief Strategy Officer
Chris Camacho partners with Flashpoint’s executive team to develop, communicate, and execute strategic initiatives pertaining to Business Risk Intelligence (BRI). With over 15 years of cybersecurity leadership experience, he has spearheaded initiatives across Operational Strategy, Incident Response, Threat Management, and Security Operations to ensure cyber risk postures align with business goals. Most recently as a Senior Vice President of Information Security at Bank of America, Mr. Camacho was responsible for overseeing the Threat Management Program. An entrepreneur, Mr. Camacho also serves as CEO for NinjaJobs: a career-matching community for elite cybersecurity talent. He has a BS in Decision Sciences & Management of Information Systems from George Mason University.
Lisa Iadanza
Chief People Officer
Lisa M. Iadanza leads all functional areas of People Operations at Flashpoint, including human resources, talent acquisition & management, employee engagement, and developing high performance teams. In addition to collaborating with the executive team to drive strategic growth, she plays an integral role in fostering Flashpoint’s culture and mission. Driven by her passions for mentorship, employee advocacy, and talent development, Ms. Iadanza has more than twenty years of experience in building, scaling, and leading human resources functions. Prior to Flashpoint, she held leadership roles at Conde Nast, Terra Technology, and FreeWheel. She is a member of the Society for Human Resources Management (SHRM) and holds a bachelor’s degree in management with concentrations in human resources and marketing from State University of New York at Binghamton.
Lance James
Chief Scientist / VP Engineering
Lance James is responsible for leading Flashpoint’s technology development. Prior to joining Flashpoint in 2015, he was the Head of Cyber Intelligence at Deloitte & Touche LLP. Mr. James has been an active member of the security community for over 20 years and enjoys working creatively together with technology teams to design and develop impactful solutions that disrupt online threats.
Brian Costello
SVP Global Sales and Solution Architecture
Brian Costello, a 20-year information technology and security solutions veteran, is responsible for leading the Global Sales, Solution Architecture, and Professional Services teams at Flashpoint. Throughout his career, Brian has successfully built security and cloud teams that have provided customers with innovative technology solutions, exceeded targets and consistently grown business year over year. Prior to Flashpoint, Brian led a global security and cloud vertical practice for Verizon. Brian also held senior leadership roles at Invincea, Risk Analytics and Cybertrust. Brian received his B.A. from George Mason University.
Tom Hofmann
VP Intelligence
Tom Hofmann leads the intelligence directorate that is responsible for the collection, analysis, production, and dissemination of Deep and Dark Web data. He works closely with clients to prioritize their intelligence requirements and ensures internal Flashpoint operations are aligned to those needs. Mr. Hofmann has been at the forefront of cyber intelligence operations in the commercial, government, and military sectors, and is renowned for his ability to drive effective intelligence operations to support offensive and defensive network operations.
Jake Wells
VP Customer Success
Jake Wells leads the company’s customer success team, serving as an internal advocate for our government and commercial clients to ensure Flashpoint’s intelligence solutions meet their evolving needs. He leverages a decade of experience running cyber and counterterrorism investigations, most recently with the NYPD Intelligence Bureau, to maximize the value customers generate from our products and services. Mr. Wells holds an MA from Columbia University and a BA from Emory University.
Brian Brown
VP Business Development
Brian Brown is responsible for the overall direction of strategic sales and development supporting Flashpoint’s largest clients. In his role, Mr. Brown focuses on designing and executing growth-oriented sales penetration strategies across multiple vertical markets, including both Government and Commercial, supporting Flashpoint’s Sales and Business Development Teams. An experienced entrepreneur, Mr. Brown also serves as CSO for NinjaJobs, a private community created to match elite cybersecurity talent with top tier global jobs and also advise growth-stage cybersecurity companies.
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Card Shops Endure as a Primary Method of Fraud

Blog
June 6, 2018

Underground card shops endure because they are the epitome of a centralized criminal economy. At their highest levels, card shops are stood up by an established infrastructure, a team accountable for the product, and reputations that translate to revenue.

Despite many gains by the law enforcement and private-sector research communities, card shops figure to remain a primary method by which cybercriminals seek stolen payment card data, whether it’s in the form of dumps or cards, analysts at Flashpoint said.

Dumps consist of payment card data stolen from the magnetic stripe of a payment card through the use of skimmers; these are used for cloning physical cards and for in-store fraud. Cards, meanwhile, are packages of card numbers and other information necessary for card-not-present fraud. Some sellers will also offer what are known as fullz, or a full package of personally identifiable data (PII). Fullz may include a victim’s Social Security number, date of birth and other information that is reportedly enough to steal and profit from someone’s identity.

Analysts believe that criminals continue to patronize card shops in order to avoid the risks associated with stealing the data themselves. DIY theft would require, among other approaches, the installation of a skimmer on a physical card reader or the use of point-of-sale malware, for example, in order to steal and collect payment card data. Such an approach can require extensive up-front costs and additional risk to the criminal.

Instead, card shops have become a quick and clean one-stop for payment card procurement. Many operate with a slick interface where a purchaser can load funds from a cryptocurrency wallet and verify the validity of a dump through an online checker provided by the shop; some higher tier shops offer a refund within an allotted time period, say 30 minutes following the purchase, for example if a number is not valid. Prices of dumps and cards vary according to the region from where the numbers originate, and their freshness.

These services and behaviors vary depending on the tier and reputation of a shop.

Tiers definitely matter to buyers, especially when dealing with shops of lesser reputations, known as junk and mid-tier shops where a lot of payment card data may be drawn from the same sources that other similar lower-tier shops draw from. The data is likely to be old and potentially unusable, and there may be less opportunity for a refund. Analysts said that when it comes to top-tier card shops, the expectation is that the cards and dumps are fresh because many of these shops have private sources of stolen cards. Top-tier shops also shy away from reselling cards that have been sold already, whereas those at the junk tier may not resell on the same shop, but may instead try to sell cards or dumps which have already been used by fraudsters or have already been sold at another shop. Typical buys, meanwhile, depend on the individual; gangs in carding operations may buy in bulk whereas individuals cloning cards on their own may buy lesser amounts.

Deep & Dark Web (DDW) forums also have their place in this ecosystem, whether it be where shops are advertised or new breaches are marketed. Operators can interact with buyers and can in some cases share invitation codes to closed shops providing private access to a new customer.

Shop operators also use forums to discuss infrastructure changes — most importantly, when a shop opens a new domain of operation. Scammers frequently attempt to set up fake shops with similar URLs in order to phish other threat actors, tricking them into entering their login credentials in order to take over their accounts on the official website.

Card shops remain a viable part of the underground economy, in spite of the emergence of other potential revenue streams introduced through the availability of hundreds of millions of stolen credentials, or the spread of cryptocurrency miners, and ransomware, just to name a few. Enhanced security measures to combat fraud have cut into the viability of a stolen card, meaning those that survive likely have an enhanced value to buyers and sellers. All of this is continuing to breathe life into card shops as a primary means of this type of business on the underground.

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Mike Mimoso

Editorial Director

Michael Mimoso brings over a decade of experience in IT security news reporting to Flashpoint. As Editorial Director, he collaborates with marketing, analyst, and leadership teams to share the company’s story. Prior to Flashpoint, Mike was as an Editor of Threatpost, where he covered security issues and cybercrime affecting businesses and end-users.
Prior to joining Threatpost, Mike was Editorial Director of the Security Media Group at TechTarget and Editor of Information Security magazine where he won several ASBPE national and regional writing awards. In addition, Information Security was a two-time finalist for national magazine of the year. He has been writing for business-to-business IT publications for 11 years, with a primary focus on information security.
Earlier in his career, Mike was an editor and reporter at several Boston-area newspapers. He holds a bachelor’s degree from Stonehill College in North Easton, Massachusetts. 

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