<story><title>T-Mobile Confirms It Was Hacked</title><url>https://www.vice.com/en/article/y3d4dw/t-mobile-confirms-it-was-hacked</url></story><parent_chain><item><author>criticaltinker</author><text>&lt;i&gt;&amp;gt; The seller told Motherboard that 100 million people had their data compromised in the breach. In the forum post, they were offering data on 30 million people for 6 bitcoin, or around $270,000.&lt;/i&gt;&lt;p&gt;Is it possible that one day the market for SSNs and other private data will become so saturated that exfiltrating such data becomes unprofitable?&lt;p&gt;On a slightly more serious note, is anyone aware of a compilation of prices paid for such data? I&amp;#x27;m imagining something like a Consumer Price Index [1], but for stolen private data. Maybe far in the dystopian future inflation will make life harder for hackers.&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.bls.gov&amp;#x2F;cpi&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.bls.gov&amp;#x2F;cpi&amp;#x2F;&lt;/a&gt;</text></item></parent_chain><comment><author>martinald</author><text>That&amp;#x27;s one way of looking at it, the other is that the financial system itself begins to fail under the volume and price of fraud.&lt;p&gt;Ransomware ransoms have increased massively. They were often a few thousand dollars only a few years ago, now often hear about $50m+.&lt;p&gt;On the smaller scale SMS&amp;#x2F;email phishing has got absolutely enormous too in volumes. Banks and credit card providers are refunding 100s of millions (if not more) in fraud, in actually a very low margin business (retail banking). It genuinely could threaten the ability of banks to continue operating retail banking services if it continues to almost exponentially grow.</text></comment>
<story><title>T-Mobile Confirms It Was Hacked</title><url>https://www.vice.com/en/article/y3d4dw/t-mobile-confirms-it-was-hacked</url></story><parent_chain><item><author>criticaltinker</author><text>&lt;i&gt;&amp;gt; The seller told Motherboard that 100 million people had their data compromised in the breach. In the forum post, they were offering data on 30 million people for 6 bitcoin, or around $270,000.&lt;/i&gt;&lt;p&gt;Is it possible that one day the market for SSNs and other private data will become so saturated that exfiltrating such data becomes unprofitable?&lt;p&gt;On a slightly more serious note, is anyone aware of a compilation of prices paid for such data? I&amp;#x27;m imagining something like a Consumer Price Index [1], but for stolen private data. Maybe far in the dystopian future inflation will make life harder for hackers.&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.bls.gov&amp;#x2F;cpi&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.bls.gov&amp;#x2F;cpi&amp;#x2F;&lt;/a&gt;</text></item></parent_chain><comment><author>vngzs</author><text>From Flashpoint&amp;#x27;s analysis [0], in 2019 a SSN is $5.&lt;p&gt;[0]: &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;go.flashpoint-intel.com&amp;#x2F;docs&amp;#x2F;pricing-analysis-of-goods-in-cybercrime-communities&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;go.flashpoint-intel.com&amp;#x2F;docs&amp;#x2F;pricing-analysis-of-goo...&lt;/a&gt;</text></comment>