Four million British identities are up for sale on the internet

The identities of more than four million Britons are being offered for sale on the internet, The Times has learnt.

Highly sensitive financial information, including credit card details, bank account numbers, telephone numbers and even PINs are available to the highest bidder.

At least a quarter of a million British bank and credit card accounts have been hacked into by cybercriminals, exposing consumers to huge financial losses. Most of the personal data has been gathered as a result of “phishing” — a process whereby members of the public are duped into handing over their key details, such as user names, passwords and credit card details.

Unsuspecting victims hand over the information by e-mail to people posing as reputable sources such as banks or online stores. Other data has been stolen after criminals infect a person’s personal computer with viruses and then raid it for information.

They are then sold to the highest bidder on online forums or hacking websites. Individual credit card details have been sold for as little as 30p. The Times has also learnt that the communications and e-mail systems of some of Britain’s biggest public bodies and private companies are open to possible attacks. This is because the corporate e-mails and passwords have been sold to cybercriminals. The details of policemen, doctors and military personnel are also at risk.

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