From the leak of celebrity nudes to the 200,000 Snapchat photos stolen and posted on 4chan, to the most recent infiltration of Dropbox, it's clear hackers have moved on from the days of stealing our credit card details. But what do hackers actually do with our data once they have stolen it?
The short answer is they sell it on the cyber criminals' black market. According to a report released earlier this year by the RAND Corporation's National Security and Research Division, the hacker market is highly sophisticated and organized. The hacker market has, in some respects, become more profitable than the illegal drug trade, that report found. The data hackers steal ends up on a network of illegal trading sites where they buy and sell large amounts of personal data for profit.
Gone are the days when credit card fraud and identity theft were all we had to worry about. Hackers have discovered new ways to make money with your photos and social media account information. To hackers, LinkedIn and eHarmony offer a goldmine of passwords that can be used to update their "rainbow tables.