What do hackers do with stolen information?

What do hackers do with stolen information?

Sometimes, hackers want to steal your data so that they can hold it for ransom. This type of attack is a ransomware attack. Hackers usually execute ransomware attacks by gaining unauthorized access to data, then encrypting it or moving it and charging a ransom in order to restore your access to it.

How much is a medical record worth on the black market?

Medical Records are Worth $50 Each on the Black Market.

How many Hipaa violations have there been in 2019?

There were 418 HIPAA breaches reported in 2019. In total, 34.9 million Americans had their PHI compromised last year.

Why is healthcare data so valuable?

Healthcare data is valuable on the black market because it often contains all of an individual's personally identifiable information, as opposed to a single marker that may be found in a financial breach. Often these attacks see hundreds of thousands of patient data compromised or stolen by those with malicious intent.

How much money hackers get stolen?

Hackers stole $172 billion from people in 2017. As many as 978 million people in 20 countries lost money to cybercrime last year, according to a new report by security firm Norton.

Why is health data valuable to hackers?

What can hackers do with PII?

Hackers steal personally identifiable information (PII) like names, addresses, and social security numbers to break into someone's accounts and exploit them. Businesses are particularly vulnerable because they handle and store huge amounts of this kind of data. And the more data they store, the greater the risks.