Facebook recently suffered a massive breach of login credentials on the platform, affecting 50 million accounts worldwide. A recent article from The Independent reveals that the hacked credentials are available on the Dark Web for just $3.90.
There are many listings found on the Dark Web that offer users' personal data at low prices. Such listings appear on popular Dark Web marketplaces such as Dream Market.
What makes the issue even more concerning is the fact that the listing has been posted by reputable sellers, which almost confirms the authenticity of the data. Dream Market uses a rating system similar to that of other online shopping sites such as Amazon and eBay, and sellers are rated according to their authenticity.
However, the market does not accept cash or online payments. Those who want to buy Facebook data must pay using digital currencies such as Bitcoin and Bitcash.
According to estimates, the total value of available data on the DarkWeb ranges from $150 to $600.
As Bill Conner, CEO of cybersecurity company SonicWall, said, “As stolen data continues to command high prices and equip attackers with the tools they need to attack, hold victims for ransom, leak personal information or destroy property, companies must be able to diligently identify and protect their networks, devices and users.”
Under GDPR rules, Facebook risks being slapped with a massive fine of $1.63 billion – if found guilty of the recent data breach.
