Stolen credentials for bank accounts, loyalty cards, email accounts, and even private medical information are being sold on the dark web, allowing potential buyers to unlock and exploit dozens of accounts for the low price of $5.
The credentials are obtained from data breaches or phishing emails and are then sold on dark web marketplaces that cater to cybercriminals. These marketplaces operate in much the same way as legitimate e-commerce websites, with buyers able to browse through a catalog of stolen credentials and pay with cryptocurrency.
In a recent report, cybersecurity firm Digital Shadows found that as many as 15 billion sets of stolen credentials were for sale on the dark web in 2022. The firm also found that the number of stolen credentials for sale on the dark web has increased by 60% since 2020.
The growth of the stolen credentials market on the dark web is a major concern for businesses and individuals alike. Stolen credentials can be used to commit a variety of crimes, including identity theft, financial fraud, and even espionage.
In order to protect yourself from the threat of stolen credentials, it is important to take the following steps:
* Use strong passwords and change them regularly.
* Be wary of phishing emails and do not click on links or open attachments from unknown senders.
* Enable two-factor authentication on all of your online accounts.
* Monitor your credit reports and bank statements for any unauthorized activity.
* If you believe that your credentials have been stolen, contact your bank and credit card companies immediately.
By taking these steps, you can help to protect yourself from the growing threat of stolen credentials on the dark web..
