Hackers are stealing Facebook login details and selling them on for just 89p each.
According to research by Trend Micro, logins for MySpace, Skype and online computer games are also sold on to gangs for £1 a time, a set of credit card details is sold for £25 while internet banking logons cost £35 each.
Rik Ferguson, senior security advisor at Trend Micro, told The Sun: “We give away a huge amount of personal information on social networking sites. Hordes of cyber criminals are drawn to them. Whether you're going online to use Facebook, or for banking or Christmas shopping, you should be aware that hacking and identity theft tends to increase at certain times of the year.”
Gary Clark, VP EMEA at SafeNet, said: “Organisations need to take responsibility for their customers, and protect them from anyone looking to exploit a weakness in the system. This could be account details on Facebook, personal financial data used in internet banking, or credit card details disclosed when shopping online. Website owners should be able to guarantee security, or expect people to go elsewhere.
“At the very least, all data must be encrypted. Plus, any sites dealing with financial details need to comply with the appropriate regulations, such as the Payment Card Industry Data Security Standard (PCI DSS). There's is nothing we can do to stop the scammers trying their scams, aside from educating users not to fall for them. But when it comes to data, websites owners need to up their game and provide the appropriate safety measures.”