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  • Thursday, 29 February 2024
You won’t believe how much money hackers get from stealing your data

You won’t believe how much money hackers get from stealing your data

Cybersecurity threats are becoming increasingly common in today's digital age, and hackers are making a fortune by stealing data from individuals and companies alike. In fact, recent research suggests that the amount of money hackers can make from selling stolen data on the dark web is staggering.

According to a report by cybersecurity firm Armor, the price of personal information has skyrocketed in recent years. In 2021, the average price of a single stolen record was around $4, up from just $1.50 in 2017. This increase is due to the growing demand for personal information on the black market, where hackers sell the stolen data to other cybercriminals.

The report found that Social Security numbers are the most valuable type of information, with an average price of $4. Social Security numbers can be used to commit identity theft, which can have devastating consequences for individuals.

Credit card information is also highly sought after by hackers, with an average price of $1.50 per record. This information can be used to make fraudulent purchases or open new lines of credit in the victim's name.

Other types of information that are popular on the dark web include medical records, which can sell for up to $1,000 each, and login credentials, which can go for as little as $1 each. Even email addresses and phone numbers can be valuable to hackers, as they can be used for phishing attacks or to spread malware.

The report also found that certain industries are more vulnerable to cyber attacks than others. Healthcare organizations, for example, are a prime target due to the wealth of personal information they store. Financial services companies are also popular targets, as they hold large amounts of sensitive financial information.

So, what can individuals and companies do to protect themselves from cyber attacks? The first step is to be vigilant about protecting personal information. This means using strong passwords, avoiding phishing emails, and being cautious about sharing personal information online.

Companies can also take steps to improve their cybersecurity, such as implementing strong data encryption, conducting regular security audits, and training employees on cybersecurity best practices.

Ultimately, the cost of cyber attacks goes far beyond the financial damage. The theft of personal information can lead to a loss of trust and reputation, which can be difficult to recover from. It's important for everyone to take cybersecurity seriously and do their part to protect themselves and their data.

 

Cybersecurity threats are becoming increasingly common in today's digital age, and hackers are making a fortune by stealing data from individuals and companies alike. In fact, recent research suggests that the amount of money hackers can make from selling stolen data on the dark web is staggering.

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