The price of your identity in the Dark Web? No more than a dollar

Stolen data is a hot commodity in the Internet underground — but how much it goes for might be a surprise.

Data breaches are becoming a weekly part of the news cycle, and so common the idea of our data being lost by companies which collect it, while still distressing, not as much of a surprise as it used to be.

The recent Ashley Madison and Hacking Team data breaches reveal just how damaging these kinds of cyberattacks…


The Medical Identity Theft Apocalypse? Fear the Walking Files

Criminal cyber attacks on health care information repositories have increased 125 percent since 2010. With the announcement of the Excellus breach last week, the total number of big-headline medical information compromises reported in 2015 (such as Anthem, Primera, Carefirst) had crossed the mind-blowing demarcation line of 100 million files.

The Excellus breach exposed the names of clients as well as their dates of birth, Social Security numbers, mailing addresses, telephone numbers, member identification numbers, financial account information and claim information. In terms of the type of information compromised and the amount of it, this most recent mega medical information breach, estimated to affect as many as 10 million consumers, was negligibly smaller than the Premera compromise, which exposed 11 million records. Yet it received nowhere near the same amount of media attention.

The reason is something called breach fatigue.


How You Can Fight Against the Rising Tide of Medical Identity Theft

While identity theft can take many forms, medical identity theft is not only a complex crime, but devastating for victims. A new report revealed the number of medical identity theft victims surged almost 22 percent in 2014, with more than 2 million victims total, according to the Medical Identity Fraud Alliance. The Fifth Annual Study on Medical Identity Theft found an upward trend of patients affected by medical identity theft that will likely continue into 2015 as hackers target the health care sector….


10 million customers exposed in New York Blue Cross hack

A New York Blue Cross Blue Shield plan revealed late Wednesday that it has been the victim of a massive cyberattack, exposing the data of more than 10 million people.

The hack falls within the top 20 worst healthcare breaches ever reported, according to the Department of Health and Human Services’ list of breaches, known in the industry as the agency’s “wall of shame.”


You’ve Just Fallen Victim To Identity Theft. Now What?

Blink. Now do it again. That’s how long it takes for identity theft to claim another victim in the U.S. More than 12 million new victims every year, a million every 30 days, one every two seconds.

There are many reasons why identity theft is the biggest single crime epidemic in history. It’s very easy to commit, to make a lot of money, and to get away with. As one notorious thief observed “if I can make $10,000 in a morning without even getting out of bed, why wouldn’t I?”


Worst possible outcome for consumers: Over 140,000,000 Americans’ health information disclosed in data breaches

Almost half of Americans’ sensitive health information have been disclosed in data breaches increasing their risk of medical identity theft and medical fraud.

Medical identity theft is the worst possible outcome for consumers affected by a breach….


Medical identity theft hits all-time high

The lion’s share of medical identity theft victims can expect to pay upwards of $13,500 to resolve the crime. What’s more, about 50 percent of consumers say they would find another healthcare provider if they were concerned about the security of their medical records. How’s that for a business case to take security a little more seriously?


Limit Your Digital Health Profile to Help Protect Against Identity Theft

In the medical field, accurate and comprehensive patient data is critical for health professionals to provide adequate care. As medical organizations have moved their data infrastructures online, doctors and nurses are able to share information easily and quickly. While these technological developments allow for better healthcare, consumers may be more at risk due to the potential loss, theft, or sale of their personal health information

One of the main threats posed by a comprehensive medical record is medical identity theft, which occurs when someone uses an individual’s name and personal identity to fraudulently receive healthcare. In 2014, more than 2.3 million adult Americans or their close family members became medical identity theft victims, an increase of about 22 percent from the year previous….