"Financial Data Inexpensive for Cybercriminals to Purchase Online"

The cost of compromised data and accounts can be high regarding time and money for bank victims of identity theft or account infiltration. However, the price for cybercriminals who access or sell this information could be as low as the cost of a large latte and a pastry. According to Trustwave SpiderLabs research, a cybercriminal can acquire all the information needed to max out a person's stolen credit card and possibly steal their identity for the price of a Starbucks Caramel Frappuccino Grande and a cheese Danish, which is about $8. The study was part of a larger investigation into how much cybercriminals charge for stolen financial records. The team discovered repositories of financial and identity records, as well as Virtual Private Network (VPN) and remote desktop access credentials, in various darknet markets. Through this, they found a complex pricing structure in which threat actors price their information in the same way that any seller on a legitimate retail site would. Prices vary depending on where the information was stolen, and the quality and depth of the content associated with the credentials. Given the large supply on the black market, even legitimate financial records can sell for less than $10 in many cases. This article continues to discuss key findings from Trustwave SpiderLabs' research on the cost of financial information on the dark market. 

SC Magazine reports "Financial Data Inexpensive for Cybercriminals to Purchase Online"