F1 Solutions explains what hackers are really doing with your data: selling it, exposing it, holding it for ransom, mining it for valuable info like credit card numbers, using it for other hacks, or simply showing it off. Some hacks have nothing to do with money; instead, the attackers are out for revenge. Others hack into “unhackable” systems or organizations just to show off or leak data in retaliation for something.
However, most cybercriminals are out for financial gain, and stolen data can contain valuable information. From credentials to credit cards and social security numbers, everything today is stored online. Hacked data is also sold in bulk on the dark web. F1 Solutions says social security numbers can sell for as low as $1, credit or debit cards from 50 cents to $1 per card (they’re often sold in bundles), and Paypal credentials can be worth as much as $200. Driver licenses, digital and physical passports, and even medical information are also sold online.
Ransomware, meanwhile, is a growing trend where hackers usually target small and medium organizations, take control of their systems and data, and then offer the company the chance of recovering their computers once a ransom is paid. Given the rise of blockchain technology, it’s also not surprising to learn that digital wallet credentials and credentials to NFTs sites are also increasingly stolen. Finally, data can be used to steal identities, commit fraud, do more hacking, and even vandalize websites.