We get it, you may think “Why would someone want to steal my data?” Especially when cybercriminals are capable of attacking large corporations or even governments (!). But, indeed, you are more important than you think.

1. Access to your bank account

Attackers can access your banking account and use your credit card or debit card for fraudulent purchases. They can also apply for credit cards or loads in your name.

2. Selling your information

Cybercriminals may sell your information to other criminals on the dark web. Selling stolen data in large quantities to other criminals on the dark web is one method cybercriminals make good money. These collections may contain millions of stolen data records. The buyers can then employ this information for their own illegal activities, such as committing crimes using your name or applying for fraudulent identification.

3. Identity theft

Cybercriminals may not be able to use their name on many online services, possibly because they are wanted by the police etc. So, they like to steal this data from online accounts to commit identity theft, such as using the victim’s credit card or taking loans in their name.

4. Account takeover

For many reasons one criminal may want to steal your account, even if they don’t commit identity theft. You won’t be able to access your account if the hacker changes your password. If payment information is included in the compromised account, account theft may be costly.

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