Abundance of stolen healthcare records on dark web is causing a price collapse

Chris Bing reports:

The large amount of leaked patient records stolen and posted for sale to the dark web in recent months has caused prices for most of those records to drop, according to new research provided to CyberScoop and conducted by the Institute for Critical Infrastructure Technology and cybersecurity firms Flashpoint and Intel Security.

In the face of exceeding supply, stagnant demand and increased law enforcement attention, it’s becoming increasingly difficult for criminals to make a living selling partial healthcare records, according to James Scott, a senior fellow at ICIT.

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