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Photo: Paul Giamou/Getty Images

A bevy of news stories and researchers will tell you that hackers sell personal data for frighteningly small amounts of money on the dark web. According to a new report from Terbium Labs, those statistics might be well-intentioned but are almost certainly not helpful to understanding the issue.

Why it matters: Reports about how much money credit cards cost in criminal markets don't tend to use consistent definitions — there's no way to draw any meaning from a report last year saying card information costs $5 and one today saying it costs $10.

  • Costs vary for any number of reasons, Emily Wilson, Terbium fraud intelligence manager, tells Axios.
  • Shoppers can buy in bulk. The older the cards are, the more likely they are to have been canceled. There are Black Friday sales. "There are markets that are more like big box stores and more like boutiques," says Wilson.

Adding rigor: Bringing scientific rigor and consistent definitions could be really useful. We don't know, notes Wilson, if the prices go back up after Black Friday or how law-enforcement actions or service disruptions change costs.

  • Until there's more consistency, Wilson will see these studies more as a marketing tool than a useful fact-finding operation.
  • "We need to stop doing what's easy and start doing what's right. Right now these are selling fear," says Wilson.

Go deeper

46 mins ago - World

Sudan's military places civilian prime minister under house arrest

Sudanese Prime Minister Abdallah Hamdok during a 2020 news conference in Khartoum, Sudan. Photo: Mahmoud Hjaj/Anadolu Agency via Getty Images

Sudan's civilian Prime Minister Abdalla Hamdok was put under house arrest and several other ministers were also detained Monday in what appears to be a military coup in the country, per local reports.

Why it matters: The arrests of the civilian faction in the Sudanese government came a day after U.S. envoy Jeffrey Feltman met with the head of the military faction of the Sudanese government General Abdul Fattah al-Burhan and warned him against staging a coup.

"Atmospheric river" swings Northern California from drought to flood

Satellite view of the bomb cyclone swirling off the coast of the Pacific Northwest and the atmospheric river affecting California on Oct. 24. Photo: CIRA/RAMMB

A series of powerful "atmospheric river" storms are delivering historic amounts of rainfall across parts of drought-stricken California and the Pacific Northwest — triggering widespread power outages and flooding.

Why it matters: The strong atmospheric river, packing large amounts of moisture, is causing Northern California to whiplash from drought to flood.

Updated 3 hours ago - World

Saudi dissident claims MBS said he could get "poison ring" to kill king

Saudi Crown Prince Mohammed bin Salman attending the Saudi Green Initiative Forum, via video link, in Riyadh, Saudi Arabia on Saturday. Photo: Royal Court of Saudi Arabia/Handout/Anadolu Agency via Getty Images

A former senior Saudi intelligence official who worked with the U.S. on counterterrorism alleged to "60 Minutes" in an interview broadcast Sunday that Crown Prince Mohammed bin Salman discussed in 2014 killing the kingdom's then-monarch.

Why it matters: The claim by the exiled Saad al-Jabri, whom Saudi authorities describe as "a discredited former government official," that the crown prince, known as "MBS," allegedly said he could obtain a "ring from Russia" to carry out the attack, is one of several serious but unproven allegations he made on the CBS show.

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