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How illicit markets fueled by data breaches sell your personal information to criminals
Key Excerpts from Article on Website of The Conversation
Posted: June 19th, 2025
https://theconversation.com/how-illicit-markets-fueled-by-da...
When National Public Data, a company that does online background checks, was breached in 2024, criminals gained the names, addresses, dates of birth and national identification numbers such as Social Security numbers of 170 million people in the U.S., U.K. and Canada. The same year, hackers who targeted Ticketmaster stole the financial information and personal data of more than 560 million customers. In so-called stolen data markets, hackers sell personal information they illegally obtain to others, who then use the data to engage in fraud and theft for profit. Every piece of personal data captured in a data breach – a passport number, Social Security number or login for a shopping service – has inherent value. Offenders can ... assume someone else’s identity, make a fraudulent purchase or steal services such as streaming media or music. Some vendors also offer distinct products such as credit reports, Social Security numbers and login details for different paid services. The price for pieces of information varies. A recent analysis found credit card data sold for US$50 on average, while Walmart logins sold for $9. However, the pricing can vary widely across vendors and markets. The rate of return can be exceptional. An offender who buys 100 cards for $500 can recoup costs if only 20 of those cards are active and can be used to make an average purchase of $30. The result is that data breaches are likely to continue as long as there is demand.
Note: For more along these lines, read our concise summaries of news articles on Big Tech and the disappearance of privacy.
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