If you feel as if there's a new data breach in the news every day, it's not just you. Breaches announced recently at Capital One, MoviePass, StockX, and others have exposed a variety of personal data across more than 100 million consumers. This has spurred lawsuits and generated thousands of headlines.
Other companies compromised this year include Citrix, which lost 6TB of sensitive data, First American Financial, (885 million records exposed), and Facebook (540 million records exposed). The attack vector or leaked data might vary, but these breaches all have one thing in common: the information exposed provides raw materials that fuel a complex cybercriminal ecosystem, and these headlines are just the tip of the iceberg.
Most victims don't know how cybercriminals use their stolen data. One way to understand this is to consider the epidemic of copper theft that hit the country following the mortgage crisis. As buildings were left abandoned, thieves stole copper wiring and piping. The copper could then be sold for $3 a pound to buyers willing to not ask questions about where it came from. It's a similar story with data, where the breach itself is rarely the end goal of cybercriminals but simply provides a m ..
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