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and ports to help hide digital identities . It features forums and marketplaces ( often referred to as darknets ), where products and services are bought and sold .
Individuals can enlist the services of a “ hacker for hire ”, buy the leaked contents of the latest data breach , purchase credit cards from any country , drugs , weapons , counterfeit goods and so on . Anyone can visit these pages via technologies like TOR ( The Onion Router ) and i2p ( Invisible Internet Project ). Information , products or services can be requested and paid for in Bitcoin or other digital currencies .
DATA THEFT : How does the dark web heighten the situation ?
Corporate data breaches are becoming a regular occurrence . Facebook , TicketFly and Cathay Pacific Airlines were just some of the many organizations that suffered data breaches during 2018 and this comes at a cost .
A 2018 study by the Ponemon Institute – the 13th Annual Cost of Data Breach study5 – found that the global average cost of a data breach is up 6.4 percent over the previous year to $ 3.86 million .
The average cost for each lost or stolen record containing sensitive and confidential information also increased by 4.8 percent year over year to $ 148 .
Given that the majority of breaches tend to run into the millions of records , it ’ s easy to see how costs can dramatically escalate . •
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