The Facebook has recently suffered a huge violation of login to the platform, affecting 50 millions of accounts around the world. A recent article by The Independent reveals that items that have been compromised are available on the Dark Web for just $ 3.90.
There are many lists found on the Dark Web, which offer low-priced user data. Such lists appear on popular Dark Web markets like Dream Market.
What makes the issue worry is the fact that the entry has been published by reputable vendors, which almost confirms the authenticity of the data. Dream Market uses a scoring system similar to that of other online shopping sites like Amazon and eBay and sellers are rated according to their authenticity.
However, the market does not accept cash or payments over the internet. Those who want to buy facebook data have to pay using digital coins such as Bitcoin and Bitcash.
Estimates indicate that the total value of available data for DarkWeb ranges from $ 150 to $ 600.
As Bill Conner, SonicWall Chief Executive Officer for Cyber Security, said, "Since stolen data continues to attract high prices and equip the perpetrators with the necessary means to attack, ask ransomers from the victims, leak personal information or destruction of property, companies must be able to locate and protect their networks, devices and users with care. "
Under the GDPR rules, Facebook is in danger of imposing a huge fine of 1,63 billion dollars - if it is guilty of the recent data breach.