Question: Submit a 600-word post discussing a real-world event where data of value was stolen and resold. Be sure to address the type of data stolen,
Submit a 600-word post discussing a real-world event where data of value was stolen and resold. Be sure to address the type of data stolen, how the threat actor stole it, and how the was data monetized (i.e. how it was sold and for how much)
Next to the ever-dwindling barriers of entry (e.g. ease and access to tactics, tools, and procedures), perhaps one of the greatest accelerators of cybercrime was the advent of monetizing data. Not everything on the dark web is illegal, but it is a huge marketplace for stolen data and personal information. After a data breach or hacking incident, personal information is often bought and sold on the dark web by identity thieves looking to make money off your good nameand any numbers or information associated with you. There are four main factors that drive the cost of information thats bought and sold on the dark web: Type of data and the demand for that data: Different types of information can bring different monetary values. Supply of the data: the economic principle of supply and demand applies to criminals buying and selling stolen information. If theres a lower supply of particular information available for purchase, then that information is more valuable to thieves. The balance of the accounts: whether dollar values or points in an account, the higher the amount that can be taken, the higher the cost of that stolen information. Limits or the ability to reuse: if something has a higher limit or can be reused multiple times, its more valuable to fraudsters. Alternatively, information that has low limits to use or steal and can only be leveraged once is less valuable.
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