Data breaches continue to come fast and furious. The latest major incident, Equifax, was one for the record books. Hackers obtained highly sensitive personal data on 145 million Equifax customers, including credit card numbers, Social Security numbers and driver’s license numbers.
So why do these outrageous breaches continue to happen — and continue to get worse? One of the key reasons is that the bad guys keep getting better and better at what they do. Plus, there is an enormous underground economy that gives hackers easy access to state-of-the-art cyber weaponry, such as custom malware.
What’s more, threat actors are highly motivated because there are lucrative rewards to be reaped. There are marketplaces on the dark web that make it simple for hackers to get paid for the data they’ve stolen. In fact, one of the dark web’s most prominent markets, AlphaBay, generated more than $1