In the digital economy, data is termed as the digital black gold. The commercial significance of the personal data is accepted having a bustling economy supporting the giant databases of the sensitive information. There are even companies that can only be valued by the scale of data that they own or control. A part of the dark web on the other hand thrives on the identity theft made through the unauthorized usage of the personal data in crime. The stolen data serves as the hot cake within the realm of the dark web and is routinely rented or sold having the sole intention of realizing financial gain.
There are various types of data that are put on sale on the dark web. Amongst all, the Financial Data tops the chart of the most common form of the personal data that are meant for trading online via the dark web. The financial data are those data that involves the credit card / debit card details, details of banks and other institutions. The second in the list is the Login Access that refers to the personal information or credentials that is necessary for permitting entry into the organizational systems in defined networks. Next is the Access to Online Services denoting the personal data that has been used in the digital subscriptions. The final is the Health Records that sometimes become more valuable than the financial data which are being sold on the dark web.
There are a bunch of methodologies utilized by the dark web masterminds to harvest the personal data illegally. However, the main method for the stolen data is via the data breaches engineered by the cybercriminals. The particular categories of data breaches used for the data theft incidents are:
- Data on the move
- Hacking / Skimming / Phishing
- Insider theft
- Online exposure
- Physical theft