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Your passwords could be for sale on the Dark Web

July 11, 2020

A recent study found that over 15 billion credentials were in circulation on the Dark Web, an increase of 300% since 2018. The information available ranges from network access credentials to bank credentials to streaming service accounts such as Netflix.

According to an investigation by the cyber security company Digital Shadows, some of the leaked data is even distributed free of charge.

The report warns that the reason that so much account credentials are available online is is that people don’t use very complex passwords that can be easily enforced with hacking tools.

Access to corporate networks is an open door to ransomware attacks

Your passwords could be for sale on the Dark WebYour passwords could be for sale on the Dark Web

One of the most valuable leaked credentials is access to corporate networks. This kind of data can achieve Prices up to USD 120,000 and they usually have average cost of $ 3,139, It all depends on various factors, such as the company’s income.

The spread of such data implies that ransomware groups can use such access to infiltrate an entire network. This would allow them to deploy the malware of their choice and ultimately Keep these nets to request a ransom.

Individual bank credentials are also sold an average price of USD 70.91while accessing antivirus programs It costs an average of USD 21.67.

Enable several factors to secure your credentials

Talk to Cointelegraph Brett Callow, a threat analyst at Emsisoft Malware Lab, warned:

“A huge amount of user credentials are exposed every day in a variety of ways, from phishing to malware attacks to data breaches. The impact of a threat can be less, as is the case with Netflix login leaks, or extremely serious, such as leaked bank details . “

While there are none “Silver bullet” Against this problem, Callow says, users can limit the likelihood that their accounts will be compromised using strong passwords. “Never use passwords again, an anti-virus solution, keep your operating system up to date with patches and above all use two or multiple factor authentication for all services that support this.”

The investigation of the cyber security company, The Cyble Research Team announced that on May 29, data from more than 80,000 credit cards was available for sale on the Dak Web. The data on these maps appear to have been collected from different countries around the world.

Cointelegraph also reported that A group of hackers known as “keepers” set up an interconnected network to steal credit card information from more than 570 e-commerce websites. Since 2017, they have generated over $ 7 million in cryptocurrencies by selling card information over the Dark Web.