Amount of bank data for sale on dark web up 135%: Report

An IntSights report also finds a 24% increase in mobile banking malware infections in one year.

The shadier parts of the internet are bursting at the virtual seams with account logins, card numbers and other stolen financial data put up for grabs, according to a new report from cyber intelligence platform company IntSights.

The New York City-based firm reported a 135% year-over-year increase in financial data for sale on dark web black markets between the first half of 2017 and the first half of 2018, and it saw a 149% spike in the amount of credit card information for sale on black markets over the past 18 months, according to data collected on its platform for the top 50 banks and financial services organizations in the United States and Europe.

Selling stolen financial data nets big money for criminals, according to the report. A single bank account login with full name, date of birth and full address can bring in about $20; a block of 1,000 bank account logins can sell for $5,000, for example.

“Black markets are full of vendors that offer ‘high balance bank accounts logins’ at major banks within the U.S., Europe and Asia,” the study said.

 

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