For many, the idea of someone accessing your personal information without authorization can be unsettling. However, when you think about someone not only seeing these details but selling can be even more disturbing. Unfortunately, this can and does frequently occur, as many stolen identities end up on the dark web. If you’re unsure what this is or how these transactions happen, you’ll want to keep reading. The following blog explores what you should know about fraud on the dark web and the importance of working with an experienced California identity theft victim lawyer to help guide you through these difficult matters.
What Is the Dark Web?
When you think about the internet, viral videos on YouTube or funny posts on Facebook may come to mind. Though the internet as you use it seems endless, it’s critical to understand that there are an estimated one billion websites. However, the large majority of people will only explore a mere 5% of these websites, known as the surface web. The other 95% are hidden below the surface on what’s known as the dark web.
The dark web is a hidden part of the internet that is only accessible through specific software. Unfortunately, the large majority of the dark web is used for illegal activity, like purchasing unregistered firearms, trading illegal pornography, human trafficking, terrorist communications, and fraud. However, there are some legitimate uses of the dark web, like providing users the ability to see news in countries where media is heavily censored or allowing journalists the ability to conduct first-hand research. Generally, the main appeal of the dark web is that user activity is incredibly difficult to track, allowing for anonymous browsing in most instances.
How Does Personal Information End Up For Sale?
After your personal information is compromised, whether through a phishing scheme or a data breach, the initial thief will likely use your information for their own financial gain. This includes making purchases using credit card information or opening accounts in your name.
However, the main point of identity theft is likely to sell your information on the dark web. Often, thieves will “package” your information, meaning they include things like billing addresses with credit card numbers or dates of birth with social security numbers. This increases the market value of the stolen information so they can sell it for a higher price.
After the information is packaged, the thief will upload it to an e-commerce website. Much like traditional online stores, this includes a description and price. You’ll also find that these websites often contain seller ratings and reviews left by prior customers to help potential clients make informed decisions, much like platforms like Amazon or Etsy. When a purchase is made, the payment is held in escrow to ensure the seller fulfills the sale.
As you can see, having your information end up on the dark web can be devastating. Not only is it unsettling to know that someone out there has access to your personal details, but it can drastically impact your finances. If you have reason to believe your information was compromised, it’s in your best interest to discuss these matters with an experienced consumer defense attorney. At Loker Law, APC, we understand how complicated these circumstances can be. That’s why our firm will do everything possible to assist you during these difficult times. When you need help, our firm is here. Contact us today to learn how we can fight for you.
