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Instead, the vast majority of stolen personal data is turned into a commodity and sold on a shadowy network of black market websites that serve as online hubs for hackers, scammers, and other digital ne’er-do-wells.
A lot of them are linked through networks of banners ads, and users of bulletin board sites are constantly asking for other users’ experiences on other sites.
Poking around on one site can quickly lead down a endlessly twisty rabbit hole to a constellation of similar marketplaces.
“In the beginning when the…[credit card] sales black-market appeared, it was kind of semi-open for anyone on the Internet.
So law [enforcement] authorities took [down] and kept taking down many of these markets,” recalled Dmitry Bestuzhev, a director of global research and analytics at cybersecurity firm Kaspersky Lab.
“At the same time, another group of cybercriminals …
built a few black-markets with fake stolen [credit card] data, which they used to sell fake data.
This made serious cybercriminals move to [Tor-based] online black-market stores.” Developed by the U.
The recent, historic Home Depot hack probably left you scrambling to check if your personal information had been compromised. The hackers reportedly took off with over 56 million credit card numbers, making it one of the largest data breaches of all time.
Since 2005, there have been over 4,781 recorded data breaches compromising the personal online privacy of million of Americans, according to the Identity Theft Resource Center.
The total number of individual records exposed is over 640 million—more than double the U. Some of these breaches are harmless—a misplaced thumb drive full of customers’ records, for example—but many are the work of dedicated computer hackers intent on breaking into an organization’s computer systems and absconding with as much personal information as possible.
The Home Depot hack may have been the work of a well-organized group of hackers rather than a single lone wolf, but there’s still no way that even a collection of a few dozen cybercriminals could use all 56 million credit card numbers themselves, even if they spent the rest of their lives doing exclusively that.