It is now an everyday occurrence that somewhere out there is hacking someone’s data or security. It is now a normal occurrence that someone is being hacked and cannot do anything as the countermeasure is not known. When hackers hack, they now can gain information they could use for their benefit. Many may have the question that what do hackers do with the information they have stolen. The answer is that it is for money. That is because they can earn big through the trade of stolen data.
They can also use the data to demand ransom. If the data is valuable then the owner would make effort for it to be retrieved. The second way that they could earn is by identity theft. Those who would make the action could steal much information regarding a person and used the necessary information to make some money like penetrating the insurance of the victim or their bank account transaction or the payment to be made and many more activities to gain money.
There are many types of information that a hacker could get from one person and use each of it to gain money and make transactions for the benefit of the hacker. An example is that the information for an insurance has been revealed, the hacker then makes some move to claim a fake insurance claim. They can also apply for loans that would go directly to their account or be transferred easily. they could also use them to pay their own bills. The list could go on.