A recent research by PrivacyAffairs.com notes that hackers target social media logins, credit card numbers, and online banking logins to steal personal information worth $1,010 on the dark web.
According to an official press release released on May 1, 2023, the sale of hacked crypto accounts which is currently booming, has raised some serious concerns.
Coinbase, a cryptocurrency exchange has become a frequent target for threat actors, with stolen verified accounts worth $610 on the dark web. Users' accounts on Kraken, another well-known exchange, have also been compromised and sold online for as low as $810.
For hackers, selling compromised cryptocurrency accounts has been a profitable business, and since more people have started investing in digital assets recently, demand for these accounts has only increased. Cryptocurrencies are considered as an appealing target by hackers wanting to make a quick buck since they are mainly unregulated and decentralized.
As the value of cryptocurrencies continues to rise, it drives the hackers into stealing them. The anonymous attribute of cryptocurrencies make it challenging to locate and recover assets that have been stolen, leaving victims with limited resources.
How to Protect Oneself From Identity Theft and Hacking?
PrivacyAffairs.com highlights the significance of raising public awareness as well as encouraging caution in order to reduce the possibility of identity theft and hacking. Online privacy should be carefully guarded by users, who should also use strong, unique passwords for each account. In addition to this, two-factor authentication is a vital tool for protecting online account.
Moreover, cryptocurrency users are advised to take extra precautions. Using cold wallets to store their virtual assets offline and avoiding sharing of their private keys or seed phrases with anyone are some of the ways that can protect you from falling prey to cybercrime activities.
The threat of cybercrime and identity fraud will only increase as the usage of digital assets and online banking grows more widespread. It is crucial that users take the required security measures to guard against hackers and other nefarious actors lurking on the dark web..