The Equifax hack released the private information of tens of millions of people into the hands of criminals.
Now what happens to it?
The Equifax breach included names, Social Security numbers and home addresses. Those are valuable details for criminals who want to drain bank accounts or commit tax fraud.
In fact, it’s common for criminals to buy this kind of information.
It’s sometimes stolen on a much smaller scale, and the public never hears about it. Other cases, like hacks at health insurer Anthem and the federal Office of Personnel Management, face a lot of public scrutiny.
“This is something that’s been really a focus of cybercriminals for quite some time now,” said Roman Sannikov, director of Eastern European research and analysis at security firm Flashpoint. During the housing boom last decade, he recalled, criminals used “personally identifiable information” from data breaches to take out fraudulent mortgages.
Criminals sell stolen personal data on the dark web via sites accessed through special software called Tor, which are not readily accessible for most users of the Web. These websites specialize in facilitating an illicit economy, from drugs to stolen identities. Law enforcement recently shut down two of these websites — Hansa and AlphaBay — but lesser-known sites are still active.
Top 5 Bank Stocks To Buy For 2018: Madison Square Garden Inc.(MSG)
- [By Monica Gerson]
Madison Square Garden Co (NYSE: MSG) is estimated to report a quarterly loss at $0.34 per share on revenue of $325.53 million.
Gogo Inc (NASDAQ: GOGO) is projected to report a quarterly loss at $0.42 per share on revenue of $137.58 million.
- [By Ian Wyatt, Publisher & Chief Investment Strategist, Wyatt Investment Research]
Meanwhile, Mark Boyar, of The Boyar Value Fund, recommends another household name: Madison Square Garden (MSG). He thinks the Dolan family could take the company private.
Top 5 Bank Stocks To Buy For 2018: Owens Realty Mortgage, Inc.(ORM)
- [By Markus Aarnio]
Owens Realty Mortgage (ORM) is a real estate investment trust that invests in commercial real estate mortgage loans primarily in the Western U.S. The company specializes in loans that require speed and flexibility. Owens Realty Mortgage is externally managed and advised by Owens Financial Group.
Top 5 Bank Stocks To Buy For 2018: Kalytera Therapeutics, Inc. (QUEZF)
- [By Javier Hasse]
Kalytera Therapeutics Inc (OTC: QUEZF) closed a C$13.4 million ($10.2 million) tranche of a private placement for the acquisition of Talent Biotechs Ltd.
Top 5 Bank Stocks To Buy For 2018: Ryder System Inc.(R)
- [By Ben Levisohn]
Ryder System (R) tumbled to the bottom of the S&P 500 today after it missed earnings forecasts and cut its full-year guidance.
Ryder Systemdropped 14% to $68.28 today, while the S&P 500 0.6% to 2,388.61
Ryder Systems reported a profit of 82 cents a share, missing forecasts for 84 cents, on sales of $1.75 billion, ahead of forecasts for $1.7 billion. Ryder cut its 2017 guidance to a range of $4.25 to $4.55, below the Street consensus for $5.17.
Ryder System’s market capitalization fell to $3.7 billion today from $4.2 billion yesterday.
Top 5 Bank Stocks To Buy For 2018: Gibraltar Industries, Inc.(ROCK)
- [By Lisa Levin]
In trading on Friday, basic materials shares fell by 0.82 percent. Meanwhile, top losers in the sector included Gibraltar Industries Inc (NASDAQ: ROCK), down 9 percent, and Yamana Gold Inc. (USA) (NYSE: AUY), down 9 percent.
- [By Lisa Levin]
In trading on Tuesday, basic materials shares fell 0.44 percent. Meanwhile, top losers in the sector included Haynes International, Inc. (NASDAQ: HAYN), down 5 percent, and Gibraltar Industries Inc (NASDAQ: ROCK), down 4 percent.