Reported by Alessandro Mascellino

Security researchers have uncovered a significant increase in dark web activity involving stolen identity information from Singapore citizens. 

In an advisory published on Monday, Resecurity said cybercriminals are selling these stolen documents, which can be used for fraud, identity theft, impersonation scams and to bypass Know Your Customer (KYC) protocols. 

Resecurity has noted a 230% increase in the number of underground vendors offering stolen identity data from Singaporeans over the previous year. This surge is linked to a rise in data breaches compromising various online platforms storing consumer information.

In April 2024, in particular, there was a marked increase in data dumps on the dark web, with thousands of records available for sale.

Read full report: https://www.infosecurity-magazine.com/news/dark-web-sees-230-rise-singapore/