An individual’s personal information can be worth more than $1,000 on the dark web amid a spike in cyber crime and identity fraud, according to a new study by cybersecurity researcher Privacy Affairs.
Privacy Affairs’ Dark Web Price Index study, which gathered data from dark web marketplaces, forums and websites, found that online banking credentials, credit card information, and social media credentials can be purchased online for shockingly low prices:
The study said that stolen credit card details are usually formatted as a simple code that includes the card number, expiration dates and CVV, as well as account-holder data like address, email address and phone number.
For about $1,000, criminals can get their hands on enough documentation to successfully steal a person’s identity, including:
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Forged documents like driver’s licenses, passports and insurance cards can be ordered to match stolen information, Privacy Affairs said.
Criminals can switch US identification to a European passport for an additional $3,000, Privacy Affairs said.
“If someone gets their hands on your financial details or social media credentials, the prices mentioned above are basically what it’s worth to them,” said Miklos Zoltan, security researcher at Privacy Affairs. “There’s a good chance that you value these things much more than they do, as to them you’re just another mark for a quick buck.”
A recent study from OpenText Cybersecurity said that businesses needed a multilayered cybersecurity approach as cyber threats continued to evolve.
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