YBC Academy : The Dark Web
The Dark Web – What it Costs You To Ignore It
Ever wonder what happens to your data if a company you’re doing business with has been hacked? Simply: it’s posted for sale on the Dark Web.
Let’s be clear about what we mean when we say ‘data’. We mean information, specifically, information about you. It will be anything the company that suffered breach held on you. So, it could be your name, address, email addresses, associated passwords, date of birth, bank details, credit card numbers, mobile and home phone numbers – in fact, a whole range of information that confirms your identity.
HOW DOES IT MATTER?
When you use a credit card online, the retailer checks information associated with that card, the information you filled out on the application form. If the details don’t match, the transaction is declined. If a hacker has your credit card information, address and associated email, phone number, etc., there’s a good chance the transaction will be approved and you’ll end up having to jump through hoops to get your money back.
That was a fairly benign example. With all your personal information, a hacker can literally steal your identity, take out loans and credit cards in your name, siphon money from your bank account – and your mortgage too if they’re linked. You begin to see why keeping your data safe matters and why you don’t want it on the Dark Web.