It seems like a new data breach or malware is making headlines every week. But, it’s not surprising when you take a look at the value of the data hackers are seeking. While different types of data warrant different rewards for cybercriminals, here are some of the top reasons hackers get rewarded from a successful cyberattack. 

They’ll earn nearly $500 from selling personal information (Names, phone numbers, emails etc.)

There’s a huge black market for personal information that’s used for a vast amount of reasons. Some of which include obtaining customer lists for solicitation, or even unofficial background checks for jobs and credit. Criminals on the dark web are willing to pay a lot for information, even up to a whopping $450 for a full set of personal data.

And, even if you’re a small business you probably have more personal data than you think – employee names, client information, credit card numbers etc. Even small snippets of someone’s personal info provide enough to hack an account so there’s motivation to obtain it.

Some cybercriminals make a living just from selling credit card information

It’s no surprise that credit card information is valuable on the dark web, and cybercriminals are making hundreds of thousands to millions from selling batches of credit cards. As a business owner, you may have your own credit card information, as well as client credit card information, so don’t be fooled into thinking they won’t target you.

They may use your data as a gateway to hacking larger, more valuable businesses

Think of data like a puzzle – hackers don’t need all the pieces to see the full picture. Even if they can obtain email addresses, names and birthdates of clients who work at other businesses, it may be enough to figure out passwords and other information.

Sometimes hackers go after smaller businesses with less security measures as a stepping stone to hack larger businesses.

Cybercriminals will hold your data until you pay a ransom

Ransomware is one of the most common threats to businesses recently. Cybercriminals use malicious software to block a user’s access to data or systems on their computer. This data won’t be released until a ransom is paid.

As files and data are increasingly stored digitally, hackers take advantage of the fact that businesses will be tempted to pay the ransom to get their business back up and running.

As you can see, there are many reasons cybercriminals are after your data. And, whether you’re a small business or large corporation, you likely have data that a cybercriminal will want to go after. The worst part? Sometimes small businesses are actually the most likely target for a cyber attack.

But luckily there are measures you can take to protect your data. Not sure if you’re protected? Send us a message and we’ll evaluate your network security and make recommendations customized to your business.