Your Stolen Data Is Worth as Little as 55 Cents Online: Intel Security Report | NECN

Your Stolen Data Is Worth as Little as 55 Cents Online: Intel Security Report

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    AP
    FILE - In this Nov. 18, 2009 file photo, a Mastercard chip-based credit card is posed for a photo in Gelsenkirchen, Germany.

    The price for your stolen data may seem like a lot, but a new report from Intel Security Group’s McAfee Labs says that information doesn’t usually go for much, NBC News reported.

    Researchers monitored websites, chat rooms and other places where stolen data are bought and sold. The prices ranged from 55 cents to $1, the report said.

    Even though the data may lack a hefty price tag individually, those selling the information usually make up for shortfalls in volume.

    "Selling millions of cards for cents still nets huge returns. The idea is to sell a lot of accounts," Raj Samani, CTO of Intel Security for Europe, the Middle East and Africa said.