While many of us have heard of, or even fallen victim to, cybercrimes such as data and identity theft, it seems that relatively few know the value of the information stolen from us. A new study from Kaspersky Lab has revealed that while our identity may not be worth a lot in terms of dollars, it is a significant asset to criminals in other ways. The research uncovered an appetite among cybercriminals for data stolen from popular services – including social media accounts and remote access to gaming websites. User confusion about what their data is worth could result in a haphazard approach to security, making it all too easy for thieves to steal data and commit crime.

 

Data stolen due to people’s lax security may have limited resale value, but can be put to many uses. This can cause huge problems for an individual victim, who may lose money and their reputation, find themselves being chased for debt that somebody else has incurred in their name, or even suspected of a crime that somebody else has committed using their identity as a cover.

 

Kaspersky Lab investigated Dark Web markets to find out how much personal data is worth, and how it is used by criminals. The company’s researchers found that criminals can sell someone’s complete digital life for less than $50; including data from stolen social media accounts, banking details, remote access to servers or desktops, and even data from popular services like Uber, Netflix, and Spotify, as well as gaming websites, dating apps, and porn websites which might store credit card information.

 

Meanwhile, researchers found that the price paid for a single hacked account is lower, with most selling for about $1 per account, and with criminals offering up discounts for bulk-buying.

 

The most common way criminals steal this sort of data in the first place is via spear phishing campaigns or by exploiting a web related security vulnerability in an application’s software. After a successful attack, the criminal gets password dumps which contain a combination of emails and passwords for the hacked services. And, with many people using the same password for several accounts, attackers might be able to use this information to access accounts on other platforms too.

 

Interestingly, some criminals selling data even provide their buyers with a lifetime warranty, so if one account stops working, the buyer will receive a new account for free.

 

“It is clear that data hacking is a major threat to us all, and this applies at both an individual and societal level, because stolen data funds many social evils. Fortunately, there are steps we can take to prevent it, by using cybersecurity software, and being aware of how much data we are giving away for free – particularly on publicly available social media profiles, or to organizations,” says David Jacoby, Senior Security Researcher at Kaspersky Lab.

 

People can avoid such risks by taking several easy security steps, which should become an integral part of any Internet user’s digital life:

 

  • To stay safe from phishing, always check that the link address and the sender’s email are genuine before clicking anything. A robust security solution will also warn you if you attempt to visit a phishing web page.

 

  • To avoid one data leak harming all your digital identities, never use the same password for several websites or services. To create strong, hack-proof passwords and remove the struggle of remembering them, use a specific password manager application, such as Kaspersky Password Manager.

 

  • To find out who has your personal data, use services such as PrivacyAudit.me that automatically search for a user’s data across a large number of sources (The Beta version is available in the UK, with a wider roll out planned for 2019).

 

To read the full report on the value of data on the black market, visit Securelist.com


RECOMMENDED ARTICLE FOR TECHWORLD


 
Transcend Releases Fast, Stylish StoreJet 600 for Mac
Techworld Date Posted: 27 September 2017 4:59 PM | 204 Views
Transcend Information Inc., a leading manufacturer of storage and multimedia products, is proud to announce the release of the StoreJet 600 for Mac. Housed in a stunning metallic casing, this light and durable StoreJet.... See More
 
Transcend Releases Fast, Stylish StoreJet 600 for Mac
Techworld Date Posted: 4:59 PM | 204 Views
Transcend Information Inc., a leading manufacturer of storage and multimedia products, is proud to announce the release of the StoreJet 600 for Mac. Housed in a stunning metallic casing, this light and durable StoreJet...See More

 
6 Security Tips for Freelancers
Techworld Date Posted: 16 October 2018 3:21 PM | 115 Views
Cybercriminals love people in HR departments, because their job includes opening files that come from unknown sources. See More
 
6 Security Tips for Freelancers
Techworld Date Posted: 3:21 PM | 115 Views
Cybercriminals love people in HR departments, because their job includes opening files that come from unknown sourcesSee More

 
Kingston Ships Second-most SSDs in Channel Worldwide in 2016
Techworld Date Posted: 22 March 2017 1:45 PM | 180 Views
Kingston, the independent world leader in memory products, today announced it owns 16 percent of the global channel SSD unit market share for 2016. Data was compiled by the research firm, Forward Insights, which.... See More
 
Kingston Ships Second-most SSDs in Channel Worldwide in 2016
Techworld Date Posted: 1:45 PM | 180 Views
Kingston, the independent world leader in memory products, today announced it owns 16 percent of the global channel SSD unit market share for 2016. Data was compiled by the research firm, Forward Insights, which...See More

 
Data Risks Give No Rewards, Kaspersky Lab Warns
Techworld Date Posted: 31 July 2017 5:04 PM | 367 Views
Users are putting their precious and sensitive data in danger, by the way they share both their information, and their physical devices containing this information with others. Kaspersky Lab's My Precious Data: Stranger Danger.... See More
 
Data Risks Give No Rewards, Kaspersky Lab Warns
Techworld Date Posted: 5:04 PM | 367 Views
Users are putting their precious and sensitive data in danger, by the way they share both their information, and their physical devices containing this information with others. Kaspersky Lab's My Precious Data: Stranger Danger...See More

 
Fighting Ransomware: Kaspersky Lab Saved $53M for its Clients in 2015
Techworld Date Posted: 9 June 2016 10:59 AM | 212 Views
Kaspersky Lab has announced that in 2015, its solutions protected 443,920 users and corporate customers worldwide from crypto-ransomware, depriving cybercriminals of nearly $ 53 million in illegal earnings. Crypto-ransomware, and the cybercriminals that use it,.... See More
 
Fighting Ransomware: Kaspersky Lab Saved $53M for its Clients in 2015
Techworld Date Posted: 10:59 AM | 212 Views
Kaspersky Lab has announced that in 2015, its solutions protected 443,920 users and corporate customers worldwide from crypto-ransomware, depriving cybercriminals of nearly $ 53 million in illegal earnings. Crypto-ransomware, and the cybercriminals that use it,...See More

 
Watch and Download Movie Life (2017)
Techworld Date Posted: 14 September 2017 2:13 PM | 374 Views
The Kaspersky Lab Anti-Malware Research team has identified two botnets made of computers infected with malware, which silently installs cryptocurrency miners - legitimate software used to create ("mine") virtual currencies based on blockchain technology. In.... See More
 
Watch and Download Movie Life (2017)
Techworld Date Posted: 2:13 PM | 374 Views
The Kaspersky Lab Anti-Malware Research team has identified two botnets made of computers infected with malware, which silently installs cryptocurrency miners - legitimate software used to create ("mine") virtual currencies based on blockchain technology. In...See More

 
Fujitsu Selects Cebu for Philippines Expansion
Techworld Date Posted: 19 October 2017 5:27 PM | 307 Views
From L-R:Arlene Gregorio, Head of Fujitsu's Global Delivery Center in the Philippines, Hidenori Furuta, Executive Vice President and Head of Global Delivery, Monchito Ibrahim: Undersecretary of the Department of Information and Communications Technology of.... See More
 
Fujitsu Selects Cebu for Philippines Expansion
Techworld Date Posted: 5:27 PM | 307 Views
From L-R:Arlene Gregorio, Head of Fujitsu's Global Delivery Center in the Philippines, Hidenori Furuta, Executive Vice President and Head of Global Delivery, Monchito Ibrahim: Undersecretary of the Department of Information and Communications Technology of...See More

 
Belkin Accessories for New Gen iPhones Are Now Available at Power Mac Center
Techworld Date Posted: 29 June 2018 4:35 PM | 345 Views
  Modern life is unthinkable without the iPhone, especially as it has replaced almost every other device needed at work and in everyday life. Keep yours in peak performance with the help of the.... See More
 
Belkin Accessories for New Gen iPhones Are Now Available at Power Mac Center
Techworld Date Posted: 4:35 PM | 345 Views
  Modern life is unthinkable without the iPhone, especially as it has replaced almost every other device needed at work and in everyday life. Keep yours in peak performance with the help of the...See More

 
Online Financial Cybercrime Victims Struggle to Recover All Their Lost Money
Techworld Date Posted: 31 January 2017 3:29 AM | 348 Views
Each year thousands of Internet users become victims of a cybercrime that leaves them out of pocket.. See More
 
Online Financial Cybercrime Victims Struggle to Recover All Their Lost Money
Techworld Date Posted: 3:29 AM | 348 Views
Each year thousands of Internet users become victims of a cybercrime that leaves them out of pocket.See More

 
Elevate Creativity and Collaboration with Microsoft Office 2019
Techworld Date Posted: 26 October 2018 4:06 PM | 125 Views
Premier Apple partner Power Mac Center, together with tech giant Microsoft, launched the Microsoft Office 2019 products, letting users explore advanced tools and functions excellent for creating top-notch school projects and engaging work presentations.... See More
 
Elevate Creativity and Collaboration with Microsoft Office 2019
Techworld Date Posted: 4:06 PM | 125 Views
Premier Apple partner Power Mac Center, together with tech giant Microsoft, launched the Microsoft Office 2019 products, letting users explore advanced tools and functions excellent for creating top-notch school projects and engaging work presentations...See More


Power by

Download Free AZ | Free Wordpress Themes