LONDON, June 20, 2022 /PRNewswire/ — A revealing 2022 study by cybersecurity experts, Privacy Affairs, detailed the surprisingly low prices for personal information, including credit cards and bank accounts, on the Dark Web.
Their research concluded that criminals using the dark web need only spend $1,115 for a complete set of a person’s account details, allowing them to create fake IDs and forge private documents, such as passports and driver’s licenses.
However, cybersecurity and data privacy specialists have revealed that accessing other information is getting even cheaper. Their 2022 Dark Web Price Index – based on analytics data from dark web markets, forums and websites, revealed:
- Credit card details and related information. Cost between $17–$120;
- Online banking login information costs $45;
- Facebook account hacked: $45;
- Cloned VISA with PIN: $20;
- PayPal account details stolen, minimum $1000 sales: $20.
In December 2021, an estimated 4.5 million credit cards were offered for sale on the Dark Web, according to the study. The average price ranged from $1–$20.
CEO and Founder of Privacy Affairs, Miklos Zoltan, said that with cybercrime, a multi-billion dollar business, scammers could buy full credit card details including CVV number, card number , associated dates, and even email, physical address, and phone number. This allows them to penetrate the credit card processing chain, bypassing all security countermeasures.
Over the past year, the dark web data market has grown in total volume and product variety, so most prices have fallen as supply has increased, Zoltan said. The review found that sales volumes in the dark web data market in 2021 were on the rise. Over 9,000 active vendors selling fake IDs and credit cards reported sales in the thousands.
More fake credit card data, personal information and documents were sold in 2021 compared to 2020, while products, such as hacked cryptocurrency accounts and web services such as Uber, are more available.
Privacy cases have revealed that Crypto accounts, long considered impervious to hacking attacks, are also in vogue. Renowned cryptocurrency trading platforms and wallets, such as LocalBitcoins, Kraken, and Coinbase, featured in Dark Web listings ranging from $90 at $250.
Those with a taste for entertainment can purchase access to paid online subscription services. One-year hacked Netflix subscription sells for $25; an HBO account is $4a Bet365 account is $40and a hacked Uber account will set a cybercriminal back $15.
Mr Zoltan said: “As we increasingly live in a digital world, which leads to greater opportunities for identity theft and other cybercrimes, everyone should take more precautions when sharing its data online.”
For Dark Web Price Index 2022: https://www.privacyaffairs.com/dark-web-price-index-2022.
About Privacy Cases
Miklos ZoltanFounder and CEO of Privacy Affairs, has a long track record in cybersecurity and data privacy, having worked with international teams for over a decade on projects involving penetration testing, network security and cryptography.
Miklos founded Privacy Affairs in 2018 to provide cybersecurity and data privacy training to a regular audience by translating technology-intensive topics into easy-to-understand guides and tutorials.
To learn more about privacy cases, go to Privacy Cases.
SOURCE Privacy Matters