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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

The new Washington

Illustration: Sarah Grillo/Axios

The Axios subject-matter experts brief you on the incoming administration's plans and team.

Rep. Lou Correa tests positive for COVID-19

Lou Correa. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Lou Correa (D-Calif.) announced on Saturday that he has tested positive for the coronavirus.

Why it matters: Correa is the latest Democratic lawmaker to share his positive test results after last week's deadly Capitol riot. Correa did not shelter in the designated safe zone with his congressional colleagues during the siege, per a spokesperson, instead staying outside to help Capitol Police.

Far-right figure "Baked Alaska" arrested for involvement in Capitol siege

Photo: Shay Horse/NurPhoto via Getty Images

The FBI arrested far-right media figure Tim Gionet, known as "Baked Alaska," on Saturday for his involvement in last week's Capitol riot, according to a statement of facts filed in the U.S. District Court in the District of Columbia.

The state of play: Gionet was arrested in Houston on charges related to disorderly or disruptive conduct on the Capitol grounds or in any of the Capitol buildings with the intent to impede, disrupt, or disturb the orderly conduct of a session, per AP.

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