Stolen Twitter account often worth more than stolen credit card - KMSP-TV

Stolen Twitter account often worth more than stolen credit card

Posted: Updated:
(KMSP) -

Stolen Twitter accounts can demand a higher asking price than stolen credit cards on internet black markets, according to a new study by the nonprofit RAND Corporation.

"A Twitter account costs more to purchase than a stolen credit card because the former's account credentials potentially have a greater yield," the research report said.

Basically, stolen credit cards hold a high value immediately after a data breach, but the value starts to plunge as more accounts flood the market and more victims cancel those accounts.

TARGET BREACH: All stores to use smart-chip readers by Sept.

For example, credit cards that hit the black market in the Target data breach were initially priced at $20 to $135 per account, but have since dropped to just 75 cents.

So what makes a Twitter account more valuable?

1. Recycled passwords: Many people use the same password for their social media accounts as they do for online banking or other secured sites.

2. Phishing schemes: A malicious owner of a hacked Twitter account could target friends and family with sophisticated "spear-phishing" schemes. Posing as you, they may ask friends and family for their passwords, or posing as a hacked corporate account, they could target followers with links to dummy "password reset" web pages.

WHAT YOU SHOULD DO

Michael Callahan, a vice president with Juniper Networks security division, offers the following tips to protect yourself:

- Use different passwords for each site that contains personal or financial information.

- Be careful opening emails from people you don't know and don't click on links from unknown sources.

- Monitor your personal and financial accounts closely to identify and report fraudulent activity.

RAND report: http://www.rand.org/pubs/research_reports/RR610.html

  • Most Popular StoriesMost Popular StoriesMore>>

  • Urban Outfitters blasted over Kent State sweatshirt with 'blood splatters'

    Urban Outfitters blasted over Kent State sweatshirt with 'blood splatters'

    Monday, September 15 2014 12:28 PM EDT2014-09-15 16:28:48 GMT
    Clothing retailer Urban Outfitters is receiving harsh criticism for selling a sweatshirt with a splatter pattern resembling blood over the logo of a university where a famous school shooting took place.
    Clothing retailer Urban Outfitters is receiving harsh criticism for selling a sweatshirt with a splatter pattern resembling blood over the logo of a university where a famous school shooting took place.
  • St. Louis Park marathoner dies after finishing last mile in Boston

    St. Louis Park marathoner dies after finishing last mile in Boston

    Sunday, September 14 2014 11:19 PM EDT2014-09-15 03:19:22 GMT
    Elinor Scott didn't let her cancer diagnosis keep her away from the Boston Marathon, but the bombs at the finish line stopped her at the 25th mile. In April, she went back to cross the finish line. On Friday, she passed on.
    Elinor Scott didn't let her cancer diagnosis keep her away from the Boston Marathon, but the bombs at the finish line stopped her at the 25th mile. In April, she went back to cross the finish line. On Friday, she passed on.
  • Adrian Peterson: 'I am, without a doubt, not a child abuser'

    Adrian Peterson: 'I am, without a doubt, not a child abuser'

    Monday, September 15 2014 4:48 PM EDT2014-09-15 20:48:37 GMT
    Minnesota Vikings running back Adrian Peterson released a long statement Monday, punctuated by the following message: "I am not a perfect son. I am not a perfect husband. I am not a perfect parent, but I am, without a doubt, not a child abuser."
    Minnesota Vikings running back Adrian Peterson released a long statement Monday, punctuated by the following message: "I am not a perfect son. I am not a perfect husband. I am not a perfect parent, but I am, without a doubt, not a child abuser."
Widgets Magazine
Powered by WorldNow

KMSP-TV
11358 Viking Drive
Eden Prairie, MN 55344

Phone: (952) 944-9999
Fax: (952) 942-0455

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices