{"id":17523,"date":"2018-10-31T13:00:02","date_gmt":"2018-10-31T13:00:02","guid":{"rendered":"https:\/\/blog.trendmicro.com\/?p=542066"},"modified":"2018-10-31T13:00:02","modified_gmt":"2018-10-31T13:00:02","slug":"information-security-how-hackers-leverage-stolen-data-for-profit","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/information-security-how-hackers-leverage-stolen-data-for-profit\/","title":{"rendered":"Information security: How Hackers Leverage Stolen Data for Profit"},"content":{"rendered":"

\"\"\/<\/p>\n

Data theft is inarguably big business for hackers. This has been proven time and time again when big-name companies and their customers are involved in a data breach. As these instances appear to take place more often, and the number of stolen or compromised files continues to rise, it\u2019s worth looking into exactly what hackers do with this information after they\u2019ve put so much effort into stealing it.<\/p>\n

While some data breaches involve low-hanging fruit \u2013 including default passwords and other sub-standard data protection measures \u2013 other attacks include increasingly sophisticated cybercriminal activity, backed by in-depth social engineering and research into potential targets. Thanks to these efforts, more than 2.6 billion records were stolen or compromised in 2017<\/a>, a staggering 88 percent rise from the amount of data hackers made off with in 2016, according to Information Age.<\/p>\n

But what takes place after a successful breach and data exfiltration? With all of this information in hand, where do hackers turn next to generate a profit?<\/p>\n

Type of data dictates price, post-theft malicious activity<\/strong><\/h3>\n

As Trend Micro research shows, the process that stolen data goes through after the initial breach depends largely upon the type of data and from what industry it was stolen<\/a>.<\/p>\n

Personally identifiable information (PII) can include a whole host of different elements and is stored by many brands to support customer accounts and personalization. Researchers discovered that once hackers bring this information to underground markets, it can be used to support identity fraud, the creation of counterfeit accounts, illicit\u00a0money transfers, the launch of spam and phishing attacks, and even\u00a0blackmail, extortion or hacktivism.<\/p>\n

Let\u2019s take a look at the ways in which other types of stolen data can be used\u00a0once hackers gather it and bring it to underground marketplaces:<\/p>\n\n\n\n\n
\n\n
    \n
  • Financial data,<\/strong> including information tied to banking, billing and insurance activities, can be used for identity fraud, including fake tax returns and loan applications, to establish counterfeit payment cards, billing accounts or money transfers, and for blackmail or extortion. With the right details, hackers can even withdraw money directly from victims\u2019 bank accounts.<\/li>\n
  • Health care details,<\/strong> spanning hospital records, medical or insurance information and even data from medical wearables and other devices, can be sold or used to support fraudulent insurance claims, or for the fraudulent purchase of prescription drugs.<\/li>\n
  • Payment card information,<\/strong> such as the card owner\u2019s name, card number and expiration date can be used for fraudulent online purchases. As Trend Micro experts noted, when data of this kind is stolen and sold within underground hacker marketplaces, it can be even more dangerous to an individual\u2019s identity than stolen financial data. The potential for negative impacts can be much greater with fraudulently used payment card information, particularly when that data is tied to a user\u2019s credit card.<\/li>\n
  • Account credentials,<\/strong> including the usernames and passwords, can be leveraged by hackers for fraudulent insurance claims, to buy prescriptions, to launch spam or phishing attacks, as well as for extortion or hacktivism, depending upon the account that is hacked.<\/li>\n
  • Education information,<\/strong> encompassing items like students transcripts, other school records and enrollment data, can be used for identity fraud and fake student loan applications, as well as for blackmail or extortion.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n\n<\/tr>\n<\/tbody>\n<\/table>\n

One theft leads to another<\/strong><\/h3>\n

A main motivation of hackers is to make off with as much stolen information as possible. This thought process is applied not only to data breaches of specific companies, but also of the data belonging to individual users as well.<\/p>\n

\u201cMore than 2.6 billion records were stolen or compromised in 2017.\u201d<\/em><\/p>\n

Take stolen account credentials, for example. A hacker will often leverage a stolen username and password to support further malicious activity and data theft in the hopes of compromising even more personal information.<\/p>\n

\u201cTheft of user credentials might even be more dangerous than PII, as it essentially exposes the victim\u2019s online accounts to potential malicious use,\u201d Trend Micro researches pointed out. \u201cEmail is often used to verify credentials and store information from other accounts, and a compromised email account can lead to further instances of fraud and identity theft.\u201d<\/p>\n

In such instances, a hacker can utilize stolen account credentials to fraudulently access an individual\u2019s email. This may provide the cybercriminal with an email that includes a credit card invoice, giving them even more information for theft, and even the potential to steal, use or sell the victim\u2019s credit card details for further fraud.<\/p>\n

What\u2019s more, as Trend Micro researchers noted, certain types of data are often interrelated, and the theft of one set of data often means the compromise of another, connected set. With health care files, for instance, a health care provider may store not only a patient\u2019s medical history, but also their payment information as well. In this way, a breach of the provider could result not only in the exposure of medical details, but patient financial information as well.<\/p>\n

What is data worth on underground marketplaces?<\/strong><\/h3>\n

As Trend Micro\u2019s interactive infographic<\/a> shows, there are several different underground marketplaces existing all over the world, and the amount of profit hackers are able to generate depends on where they sell stolen information and the type of details their haul includes.<\/p>\n

Experian data fro 2018 shows how profits for certain types of data<\/a> can quickly add up for hackers, including for assets like:<\/p>\n\n\n\n\n
\n\n
    \n
  • Online payment account credentials, worth up to $200<\/li>\n
  • Credit or debit card information, worth up to $110<\/li>\n
  • Diplomas, worth up to $400<\/li>\n
  • Medical records, worth up to $1,000<\/li>\n
  • Passports, worth up to $2,000<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n\n<\/tr>\n<\/tbody>\n<\/table>\n

Hackers also engage in data bundling, where individual pieces of stolen information are linked and packaged together, and then sold in a premium bundle for a higher price. These more complete, fraudulent profiles can include an array of information, including a victim\u2019s name, age, address, birth date, Social\u00a0Security number, and other similar\u00a0information.<\/p>\n

Working to prevent data theft<\/strong><\/h3>\n

As the profit totals hackers can generate from stolen data continues to rise, it\u2019s imperative that businesses and individual users alike take the proper precautions to safeguard their sensitive information.<\/p>\n

This includes replacing default security measures with more robust protections, including strong passwords and multi-factor authentication, where applicable. Organizations should also\u00a0limit access to especially sensitive information and databases to only those authorized users that need to utilize this data.<\/p>\n

User education can also be a considerable advantage in better preventing information left. Users that are aware of current threats and know not to click on suspicious links or open emails from unknown senders can represent an additional layer of security against unauthorized access and cybercriminal activity.<\/p>\n

To find out more about how to improve data prevention efforts within your organization, connect with the experts at Trend Micro today<\/a>.<\/p>\n

Read More HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Data theft is inarguably big business for hackers. This has been proven time and time again when big-name companies and their customers are involved in a data breach. As these instances appear to take place more often, and the number of stolen or compromised files continues to rise, it’s worth looking into exactly what hackers…
\nThe post Information security: How Hackers Leverage Stolen Data for Profit appeared first on . Read More HERE…<\/p>\n","protected":false},"author":2,"featured_media":17524,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[61],"tags":[311,207,2464,4313,4314],"class_list":["post-17523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trendmicro","tag-current-news","tag-data-breach","tag-data-theft","tag-data-theft-prevention","tag-information-security"],"yoast_head":"\nInformation security: How Hackers Leverage Stolen Data for Profit 2026 | ThreatsHub Cybersecurity News<\/title>\n<meta name=\"description\" content=\"ThreatsHub Cybersecurity News | ThreatsHub.org | Cloud Security & Cyber Threats Analysis Hub. 100% Free OSINT Threat Intelligent and Cybersecurity News.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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