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Updated on: Wednesday, May 29, 2019, 04:02 AM IST

Your personal data could be up for sale!

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Moscow: 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 USD 50, scientists say. While many of us have heard of, or even fallen victim to, cybercrimes 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, a cybersecurity company in Russia, 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 cybercriminals for data stolen from popular services — including via social media accounts and remote access to gaming websites. User confusion about what their data is worth could result in a haphazard approach to security, making it all too easy for thieves to steal data and commit crime. Data stolen due to people’s lax security may have limited resale value, but can be put to many uses.

This can cause huge problems for an individual victim, who may lose money and their reputation, find themselves being chased for debt that somebody else has incurred in their name, or even suspected of a crime that somebody else has committed using their identity as a cover. 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.

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These networks use the internet but require specific software, configurations, or authorisation to access. The researchers found that criminals can sell someone’s complete digital life for less than USD 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.

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Published on: Tuesday, December 18, 2018, 08:04 AM IST
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