Cybersecurity company F6 has uncovered that Singapore and Malaysia are among the top 10 countries globally for payment cards sold on underground markets. In 2025, Singapore ranked 7th with 130,769 cards, whilst Malaysia was 9th with 101,705 cards. The findings are part of F6’s 2025-2026 Cyber Threat Landscape Report, set for release on 31 August.
The report highlights the scale of the global fraud economy, with over 16.5 million payment cards compromised during 2025 and the first half of 2026. Malaysia maintained its position in the top 10 in the first half of 2026 with 22,824 cards, whereas Singapore dropped out of the top 20. Australia also featured prominently, with 39,498 cards in the same period.
A single compromised card typically fetches between $10 and $20 on underground markets. The United States led the global rankings with more than 8.6 million cards sold in 2025, followed by the UK, Canada, France, and Australia.
These findings underscore the persistent threat of payment card fraud in the Asia-Pacific region, highlighting the need for enhanced cybersecurity measures. As the report’s release approaches, it is expected to provide further insights into the evolving landscape of cyber threats and the impact on global financial security.
