Stolen Credentials for Online Brokerage Platforms Fetch Good Prices on the Darknet

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Criminals continue to target online brokerage service users. On the darknet, logins for such platforms are in high demand and catch a fair price. Robinhood is the primary platform of interest, primarily due to how popular it is. 

Brokerage Logins Sell Very Quickly

Criminals are always looking for new ways to make money. As online brokerage providers have become increasingly popular during the COVID-19 pandemic, accounts for such platforms will often contain a fair bit of funds. Obtaining login details of such accounts will give criminals an option to cash out the money. Portfolios related to these services can be worth half a million dollars, making them lucrative targets.

It was to be expected the new generation of investors would attract unwanted attention. Young adults have been exposed to platforms such as Robinhood. Some of them even made good money from it, whereas others lost their entire savings. Despite these mixed results, there are still very powerful portfolios found on these brokerage platforms.

Logins for online brokerage accounts are the new hot commodity on the darknet. Findings by security analysts confirm over a dozen providers have accounts exposed on these marketplaces. So far, none of the logins seem to come from unauthorized database access of the brokerage platform itself. Instead, there are all credentials obtained through phishing, social engineering, and whatnot. 

Currently identified platforms include Robinhood, E*Trade, TD Ameritrade, Charles Schwab, and many others. Not only are these accounts in high demand, they can fetch a high price too. This creates more incentive for criminals to try and obtain such login details by any means necessary. That in itself is a rather worrisome thought.

Vulnerable Accounts Galore

Although this report primarily focuses on online brokerage accounts, they aren’t the only worry. Vulnerable accounts for social media platforms and payments apps are also in high supply these days. Prices for such credentials are – obviously – much lower than a $100,000 portfolio account on Robinhood. At the same time, it goes to show people are still lackadaisical when it comes to online account security. 

One has to wonder if there is a correlation between online brokerage firms and their social media presence. Some companies boast about their success on Twitter and Reddit. This creates a proverbial target on the back of these companies, as well as their users. A problematic correlation, assuming that is the case. Perhaps another reason to lay off on social media as much as possible. 

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