Stolen Data: What Price on the Black Market
Posted by: Timothy Weaver on 10/19/2015 05:30 AM
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Researchers at Intel Security have reported that along with payment card information, other types of stolen data sold on the digital black market can garner even larger sums.
When looking at online payment accounts such as PayPal, they can be sold on the digital black market for an estimated $200 to $300 per account, depending on how much additional information accompanies the data.
Researchers have discovered that all kinds of accounts are for sale. Online streaming services such as HBO NOW and HBO GO account credentials can be bought for less than $10. Premium professional sports streaming services can be purchased for around $15. Hotel loyalty account with 100,000 points can be had for $20.
Although payment card data can be sold for as little as $5, $30 will get you the account name, billing address, payment card number, expiration date, PIN number, social security number, mother's maiden name, date of birth, and CVV2.
Vice president and chief technology officer at Intel Security, Raj Samani, said: "I would think that the prices for any stolen data are commensurate to the level of investment taken to extract the data. Equally, market conditions are key, something like a stolen credit card already has an agreed price point. Therefore prices are based on what the market is willing to pay."
“This is not intended to raise fear, but show people their data is being sold and traded online,” Samani said.
Source: SCMagazine
When looking at online payment accounts such as PayPal, they can be sold on the digital black market for an estimated $200 to $300 per account, depending on how much additional information accompanies the data.Researchers have discovered that all kinds of accounts are for sale. Online streaming services such as HBO NOW and HBO GO account credentials can be bought for less than $10. Premium professional sports streaming services can be purchased for around $15. Hotel loyalty account with 100,000 points can be had for $20.
Although payment card data can be sold for as little as $5, $30 will get you the account name, billing address, payment card number, expiration date, PIN number, social security number, mother's maiden name, date of birth, and CVV2.
Vice president and chief technology officer at Intel Security, Raj Samani, said: "I would think that the prices for any stolen data are commensurate to the level of investment taken to extract the data. Equally, market conditions are key, something like a stolen credit card already has an agreed price point. Therefore prices are based on what the market is willing to pay."
“This is not intended to raise fear, but show people their data is being sold and traded online,” Samani said.
Source: SCMagazine
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