Stolen Data Black Market Trade Soaring

Nearly twenty million “pieces of personal data” changed hands worldwide in the first six months of this year, more than was traded in all of 2011, according to a new study released by the credit monitoring company Experian. The trend will result in a nearly four-hundred percent increase in stolen data sales over the last two-year period. A study showed that test subjects made common mistakes that most Internet users make on a regular basis, mistakes that ultimately result in personal data loss.

Takeaway: Simple mistakes, such as failing to log out of websites, failing to check for SSL encryption when making online transactions, opening spam emails, and even occasionally clicking on potentially malicious links, resulted in these data losses. Taking precautions against these actions applies to e-commerce vendors, whose responsibility is to secure customer data by preventing malicious activities that steal data from their databases.