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Cybercriminals selling hacked cryptocurrency accounts for as low as $30 on the darknet, warns Privacy Affairs. Verified accounts sold for hundreds of dollars.
Hackers are not only selling verified cryptocurrency accounts but also account information for credit cards and online bank accounts. The report reveals that hackers are selling login credentials for online bank accounts with balances up to $2,000 for just $60. Credit card information with balances up to $5,000 is also up for sale, with prices ranging from $50 to $110. Social media accounts are also being targeted, with hacked Facebook, Airbnb, and Gmail accounts being sold for as low as $25.
Expert urges caution to avoid falling victim to cybercrime
The report's author, Miklos Zoltan, emphasizes the need for internet users to be more cautious with their personal information. He warns that if someone gets their hands on an individual's financial details or social media credentials, the prices mentioned above are basically what it's worth to them. To avoid becoming a target of cybercrime, Zoltan recommends using two-factor authentication, avoiding public Wi-Fi, and not sharing personal information online.
Hacking accounts on popular cryptocurrency exchanges has become a growing problem in the industry. A U.S.-based cryptocurrency exchange, Coinbase, was sued in April by one of its customers after he suffered a SIM swap attack that resulted in the loss of "90% of his life savings". The attack allowed scammers to gain control of the customer's phone number by duping the telecommunications provider into linking it to their own SIM card. As the value of cryptocurrencies continues to rise, it's essential for users to take extra precautions to secure their accounts and prevent becoming a victim of cybercrime.