By Aisling Finn on Thursday 13 August 2020
Mortgage and bank account passwords go for as little as £280 on the dark web.
Free credit score and credit marketplace provider ClearScore has discovered over 5.3m passwords on the dark web in just three months.
The fintech launched its dark web fraud protection platform back in April and since then 1m customers have signed up to use the free add-on.
According to the credit platform, users from Birmingham are the most likely to experience a data breach, with the average resident having nine breaches on the dark web.
Customers from Liverpool are the least likely to suffer from a security breach, with the average person only having five pieces of data stolen.
To help protect its customers, ClearScore has identified 440,000 actions that would protect against data breaches, but only a third (143,000) have acted on their security breaches.
Justin Basini, CEO and co-founder of ClearScore, said: “Having fallen victim to identity theft myself, I understand how it can impact a person’s financial and mental well-being. ClearScore Protect was created to help to take away some of the stress many feel by giving peace of mind that your data and your identity is protected online.”
“The fact that over 5.3million passwords have been breached since we launched three months ago demonstrates how huge the problem is.”
ClearScore found that passwords for the likes of social media platform TikTok go for £3 on the dark web, while login details for mortgage and banking accounts are sold for as little as £280.
ClearScore Protect is a free service that monitors the dark web every three months for passwords and other sensitive information, but users can pay £2.99 per month for the service to scan the dark web for security breaches daily.