Garima Singh's Indian News blog

Monday, December 17, 2018

Your complete digital data could be on sale for less than US $50 - Lets know how ?




Your digital data could be on sale for less than US $50
(Image source : Google)

Hello Everyone. Thanks for showing interest in blog. My blog has been tried to cover all the areas of NEWS but it is not possible so my prime focus is to provide latest update in technology & Health tips.

For today, I brought a latest NEWS in aspect of you digital data which you share in Internet-As per scientist study. 

Your complete digital life - including data from your social media accounts, banking and credit card details -- can be sold by cyber criminals for less than US $50. 

While many of us have heard of cyber crimes such as data and identity theft, it seems that relatively few know the value of the information stolen from us. Scientists from the Kaspersky Lab found that while our identity may not be worth a lot in terms of dollars, it is a significant asset to criminals in other ways.

The research uncovered an appetite among cyber criminals for data stolen from popular services - including via social media accounts and remote access to gaming websites. Data stolen due to people's lax security may have limited resale value, but can be put to many uses.

Kaspersky Lab investigated 'Dark Web' markets to find out how much personal data is worth, and how it is used by criminals. The dark web, also referred to as the darknet, is an encrypted portion of the internet that is not indexed by search engines.

The researchers found that criminals can sell someone's complete digital life for less than US $50; including data from stolen social media accounts, banking details, remote access to servers or desktops, and even data from popular services like Uber, Netflix, and Spotify, as well as gaming websites, dating apps, and porn websites which might store credit card information.

Some criminals selling data even provide their buyers with a lifetime warranty, so if one account stops working, the buyer will receive a new account for free.

 "It is clear that data hacking is a major threat to us all, and this applies at both an individual and societal level, because stolen data funds many social evils," said David Jacoby, Senior Security Researcher at Kaspersky Lab.

There are steps we can take to prevent it, including by using cybersecurity software, and being aware of how much data we are giving away for free - particularly on publicly available social media profiles, or to organisations. 

To avoid one data leak harming all your digital identities, never use the same password for several websites or services, researchers said.

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