Facebook Account Passwords Sold for Just $3 on the Dark Web

Login credentials for Facebook accounts are being sold on the dark web for as little as $3, with prices ranging up to $12. Payments are accepted in virtual currencies, primarily Bitcoin and Bitcoin Cash, according to a report by The Independent.

These credentials are available on popular underground marketplaces such as Dream Market, which also offer various types of malware, hacking tools, and other illegal goods. Personal information from Facebook users is especially valuable. If each set of credentials were sold individually at these prices, the total value could range from $150 million to $600 million, the report notes.

Experts believe that cybercriminals will continue their activities as long as there is high demand and lucrative payouts for stolen information.

Other Social Media Accounts Also for Sale

According to a report by the UK-based company Money Guru, login credentials for other online services are also being sold cheaply on underground platforms. For example, Reddit account credentials are priced at around $2, Twitter at $3, Instagram at $6, and Pinterest at $8.

Recent Facebook Security Incident

Last week, Facebook announced a website vulnerability that put 50 million user accounts at risk of being hacked. Under the General Data Protection Regulation (GDPR), the company could face a fine of up to $1.63 billion (4% of its annual global revenue) if found guilty of failing to adequately protect user data.