The Dark Web and How Stolen Data is Sold After a Breach

When a company's security is compromised, sensitive personal information such as names, addresses, social security numbers, private health information and credit card details can fall into the hands of cybercriminals. The consequences of a data breach can be devastating, leaving victims vulnerable to identity theft, financial fraud, and other crimes. At Console & Associates, P.C., we recognize the emotional and psychological toll that can result from having your personal information compromised in a data breach. Our experienced data breach class action lawyers are committed to guiding you through the legal process and helping to protect your rights.

What is the Dark Web?

The dark web is a hidden part of the internet that is not accessible through traditional search engines. It requires special software and encryption to access, making it an attractive platform for illegal activities such as drug trafficking, weapons sales, and the sale of stolen personal information. Cybercriminals often turn to the dark web to sell the data they have obtained through data breaches, as it provides a level of anonymity and makes it difficult for law enforcement to track their activities.

How Stolen Data is Sold on the Dark Web

After a data breach, cybercriminals will package the stolen information into marketplaces on the dark web. These marketplaces operate similarly to legitimate e-commerce sites, with sellers offering various types of personal information for sale. The most valuable data includes social security numbers, credit card details, and login credentials for online accounts. Prices for this information can vary depending on the type and quantity of data being sold, but it is not uncommon for a single credit card number to sell for as little as $1.

The Consequences of Having Your Data Sold on the Dark Web

The sale of your personal information on the dark web can have serious consequences. Identity thieves can use your stolen data to open new accounts in your name, make fraudulent purchases, or even file false tax returns to claim refunds. The emotional and psychological impact of being a victim of a data breach can also be significant, leading to feelings of anxiety, stress, and vulnerability. It is important to take steps to protect yourself and seek legal recourse if you believe your personal information has been compromised in a data breach.

What You Can Do to Protect Yourself

While it is impossible to completely eliminate the risk of a data breach, there are steps you can take to minimize the potential impact on your life. As outlined in our guide for victims of a data breach, it is important to regularly monitor your credit reports and financial accounts for any suspicious activity. You should also use strong, unique passwords for all of your online accounts and enable two-factor authentication whenever possible. If you receive a notice that your personal information may have been compromised in a data breach, be sure to follow the recommended steps provided by the company, such as changing your password and monitoring your accounts closely.

How Console & Associates, P.C. Can Help

At Console & Associates, P.C., we have experience assisting victims of data breaches and helping them seek the compensation they deserve. We understand the complex legal issues surrounding data breach class action lawsuits and are committed to holding companies accountable for failing to protect their customers' personal information. If you believe you have been affected by a data breach, we encourage you to contact our firm for a free case evaluation. Our knowledgeable data breach attorneys will review your case and advise you on the best course of action to protect your rights and secure the compensation you deserve.