The Economics Of Stolen Identities

August 17, 2015 in Daily Bulletin

Keith Collins wrote about identities on the dark web:

  • In online marketplaces on the dark web it is possible to buy stolen identities for as little as $1, though the median price is around $20.
  • Some identities command prices as high as $450 because they have things like high credit scores, or include credit card information for cards with $10,000 credit limits.
  • Online marketplaces where such things are sold usually have clear refund policies, and even places where buyers can leave feedback for sellers.
  • Sellers that earn a positive reputation can then go onto charge a higher price per identity.

Read about how these identities are collected, the lingo of the dark web, and more over here.

Source: Quartz

Via: Marginal Revolution