Facebook logins are being sold on the dark web for just $3.91 (£3) each, a shocking report has revealed.
Email logins sell for as little as $2.74 (£2.10) each, according to experts who analysed the value of 26 commonly used accounts.
They found the majority of someone’s online life could be available for just $970 (£744), which includes all usernames, passwords and email addresses.
The best way to protect these details is by using multiple verification, the report found.
The news comes just days after Facebook discovered a massive security breach affecting 50 million user accounts – including those of Facebook boss Mark Zuckerberg and COO Sheryl Sandberg.
The social media giant said attackers exploited the site’s ‘View As’ feature, which lets people see what their profiles look like to other users.
Facebook logins are being sold on the dark web for just $3.91 (£3) each, a shocking report has revealed. Email logins sell for as little as $2.74 (£2.10) each, according to experts who analysed the value of 26 commonly used accounts
According to a blog post by Cheshire-based firm Money Guru, which carried out the research, these details are frequently stolen to sell to companies with want to do targeted advertising.
‘There are few better ways to gain insight into someone’s life than their social media accounts’, researchers wrote.
‘These details are frequently stolen to sell to companies with little scruples about targeted advertising.
‘It’s also a fast track to identity theft as they can take control of your accounts, lock you out and cause serious reputational damage in a short space of time’, they wrote.
Researchers carried out the study by looking at the most popular Dark Web marketplace which is called ‘Dream Market’.
They compared these with two other marketplaces called ‘Wall St Market’ and ‘Berlusconi Market’ to find an average price for each piece of personal information.
The report found that logins for Reddit generally go for $2.09 (£1.60), a password to Instagram sells for $6.30 (£4.80) and a password for Pinterest goes for $8.48 (£6.50).
According to the report, a Twitter password is worth just $3.26 (£2.50).
Hotmail passwords are worth around $3 (£2.30), Gmail passwords are worth $3.26 (£2.50) and AOL passwords are worth just $2.74 (£2.10).
The report found the best to protect oneself was by using two-step notifications when a text message is sent to the users phone with a code.
This means that a hacker is unable to get onto someone’s account on a new machine without also having access to their phone.
Also if users have different passwords for each account it means they will not be able to access all accounts in one go.
‘What is immediately clear is that your data is not worth a great deal on the open marketplace – at least, not as much as you would think’, researchers wrote.
‘This is a disturbing thought when viewed on a case by case basis as the impact on individuals can be devastating.’
The news comes just days after Facebook discovered a massive security breach affecting 50 million user accounts – including those of Facebook boss Mark Zuckerberg (pictured) and COO Sheryl Sandberg
At the end of last week unknown attackers took advantage of a feature in the code called ‘Access Tokens,’ to take over people’s accounts, potentially giving hackers access to private messages, photos and posts – although Facebook said there was no evidence that had been done.
The hackers also tried to harvest people’s private information, including name, sex and hometown, from Facebook’s systems.
Facebook said it doesn’t yet know if information from the affected accounts has been misused or accessed, and is working with the FBI to conduct further investigations.
However, Mark Zuckerberg assured users that passwords and credit card information was not accessed.
As a result of the breach, the firm logged roughly 90 million people out of their accounts earlier today as a security measure.
The attack marks the latest in a string of recent setbacks for Facebook, which is still recovering from the fallout over the Cambridge Analytica scandal earlier this year, which saw some 87 million users’ data shared with the research firm without their knowledge.
As a result, some experts and officials have grown concerned about whether the firm can effectively manage and protect users’ data.
‘The implications of this are huge,’ Justin Fier, director of cyber intelligence at security company Darktrace, told Reuters.
The breach could also cause problems for Facebook with European privacy laws.
Facebook said it hasinformed the Irish Data Protection Commission about the breach, a step required by Europe’s GDPR regulations.
The commission said it received the notification, but expressed concern with its timing and lack of detail.
Virginia Sen. Mark Warner called the hack ‘deeply concerning’ and called for a full investigation.
‘…Today’s disclosure is a reminder about the dangers posed when a small number of companies like Facebook or the credit bureau Equifax are able to accumulate so much personal data about individual Americans without adequate security measures.
‘This is another sobering indicator that Congress needs to step up and take action to protect the privacy and security of social media users. As I’ve said before – the era of the Wild West in social media is over,’ he added.
Not long after the breach was announced, some Twitter users also began reporting that Facebook was blocking them from sharing links to stories about the hack from the Associated Press and The Guardian.
When users attempted to share the links, they were served a message that read: ‘Our security systems have detected that a lot of people are posting the same content, which could mean that it’s spam. Please try a different post.’
The move caused some to speculate that it was a result of Facebook suppressing negative coverage of itself. However, Facebook later confirmed to the New York Times that it was a result of an error with the firm’s spam detection tools.
Friday’s announcement sent Facebook’s stock plunging by as much as 3.4 percent in afternoon trading, adding to an already rough year for Facebook shares, which have fallen 6.7 percent so far this year.
Friday’s news sent Facebook’s stock down as much as 3.4 percent in afternoon trading, adding to an already rough year for Facebook shares, which have fallen 6.7 percent so far this year
Zuckerberg penned a post on his personal Facebook page about the incident, saying the issue was ‘patched last night’ but that the firm is working with law enforcement, including the FBI, to investigate the origins of the attack.
‘On Tuesday, we discovered that an attacker exploited a technical vulnerability to steal access tokens that would allow them to log into about 50 million people’s accounts on Facebook,’ Zuckerberg wrote.
Access tokens don’t include a user’s password, but they do allow users to log into a Facebook account without needing it.
Not long after the breach was announced, some Twitter users also began reporting that Facebook was blocking them from sharing links to stories about the hack from the Associated Press and The Guardian. Facebook admits to security breach affecting 50 MILLION users
‘Our security systems have detected that a lot of people are posting the same content, which could mean that it’s spam,’ the notice said. ‘Please try a different post.’
Zuckerberg acknowledged in a statement to reporters that Facebook needs to take additional steps to prevent these kinds of issues from occurring in the future.
‘We’re taking it really seriously…We have a major security effort at the company that hardens all of our surfaces,’ Zuckerberg said in a call with reporters.
‘I’m glad we found this. But it definitely is an issue that this happened in the first place.’
Facebook doesn’t know whether the accounts were misused, and hasn’t yet found any evidence of them being misused.
However, speaking with reporters, Zuckerberg said ‘of course that may change,’ meaning that there’s a possibility they could find evidence of misuse upon further investigation into the incident.
Facebook said it’s now working with the FBI to further investigate the incident.
Guy Rosen, Facebook’s vice president of product management, said the breach appeared to stem from a bug in the firm’s video-uploading program. Facebook began allowing users to upload videos to its site last year.
‘The vulnerability itself was the result of three distinct bugs and the integration between them and it was introduced July 2017 through a video uploader,’ Rosen said on the call with reporters.
‘The attack did try to use the API to access profile information like name or gender,’ Rosen said.
However, Rosen emphasized that the breach let attackers operate the profile as if they were the user.
‘…It’s important to say: The attackers could use the account as if they are the account holder.’
Facebook said it did not yet know the origin or identity of the attackers. However, the social media giant said in a blog post that it continues to investigate the origins of the breach
While users’ credit card information and passwords may not have been accessed, there’s still the possibility that other sensitive information was, said Simon Migliano, head of research and cybersecurity expert at the online privacy website Top10VPN.com.
‘Even if these accounts were quickly disabled, or login details changed, at the very least the hackers will have got their hands on primary email addresses,’ Migliano explained.
‘To get hacked once is careless, to get hacked again is frankly unforgivable, and this could irrevocably damage the trust users have in Facebook.
‘Who is ever going to believe them again when they say they have fixed the problem. It just feels like one excuse after another,’ Migliano added.
The firm learned of the incident on Tuesday and notified law enforcement on Wednesday. By Thursday, the firm had patched the vulnerability and started resetting access codes.
‘We’re also taking the precautionary step of resetting access tokens for another 40 million accounts that have been subject to a ‘View As’ look-up in the last year,’ Rosen wrote in a separate blog post.
‘As a result, around 90 million people will now have to log back in to Facebook, or any of their apps that use Facebook Login.
‘After they have logged back in, people will get a notification at the top of their News Feed explaining what happened.
Users began noticing on Thursday that they had been logged out of their account.
Affected users are prompted to log back in Facebook when they try and access the site. They’ll then be sent an authentication code to an email address or mobile device.
Users are instructed to enter the code in order to log back into their Facebook account. However, not all users were able to get back into their account.
Facebook said it did not yet know the origin or identity of the attackers.
‘Since we’ve only just started our investigation, we have yet to determine whether these accounts were misused or any information accessed,’ Rosen explained.
‘We also don’t know who’s behind these attacks or where they’re based. We’re working hard to better understand these details — and we will update this post when we have more information, or if the facts change.
‘In addition, if we find more affected accounts, we will immediately reset their access tokens,’ he added.