How Much is Your Data Worth on the Dark Web?
You may not know much about the dark web, but it may know things about you.
What is the Dark Web?
The dark web is a part of the internet that is not visible to search engines. What makes the dark web, dark? It allows users to anonymise their identity by hiding their IP addresses. This makes those using the dark web nearly impossible to identify.
Only 4% of the internet is available to the general public, which means a vast 96% of the internet is made up of the deep web. It’s important to note here, that the dark web is just a small section of the internet but it’s a powerful small sector.
How much are your bank details worth?
The dark web is full of stolen personal bank credentials. It’s common to see MasterCard, Visa, and American Express credentials on the dark web from a variety of different countries.
Credit card data in the US, UK, Canada and Australia increased in price anywhere from 33% to 83% in the time from 2015 to 2018. The average price for a UK Visa or Mastercard in 2015 was £9, however, this did increase to £17 in 2018. This is approximately an 83% increase. Bank accounts that can transfer funds in stealth mode to United Kingdom banks are considerably more expensive. An account with a £12,500 account balance goes for around £700.
How much are your subscription services worth?
The sale value of your PayPal credentials depends on the available account balance. PayPal details can be sold for as little as £40 and this can increase to £820 - £2,500 for an available balance of £6580.
Your Amazon, British Airways, Facebook, Fortnite and Netflix logins are also available on the dark web. These can go for around £7 which is surprising as they hold various information about your banking and identity. Stolen hotel loyalty programs and auctions accounts can cost as much as £1,150 due to the extensive information they provide the buyer.
Are you surprised to learn that even reward programs and viewing subscriptions can be purchased on dark web markets?
How much is your whole identity worth on the dark web?
The average modern person now has many online accounts. These can range from email and Facebook to online shopping, food delivery and banking. Combine all of those accounts and the typical internet user's identity is worth around £987 to hackers. The personal loss for victims is, of course, much higher.
While you can take precautions to protect your identity online, we also put a lot of trust into the businesses we sign up with, such as energy companies, banks and even smart home devices. Once we pass our information over to a database, we have very little control over what happens next.
Jade works for Total Processing, an advanced independent payment gateway provider who answers only to our customers.