Netflix Inc. is known as one of the biggest streaming platform in the world, which is available in more than 190 countries. It has nearly 75 million streaming subscribers on board but this is only a number of people who signed up to the service. The activity of sharing Netflix account by sharing passwords with family and friends is increasing nowadays. Thus, not all people who use the service have an account for streaming purposes. This does not worry the company officials and they appreciate it if the account information is not gone into wrong hands.
Everyone likes to have things free or buy at cheap prices. In past months, a black market activity was observed with several Netflix accounts. The Guardian reported that numerous viewers of the website are becoming a prey of phishing email and fake websites that make them enter their premium account information, i.e. username and password, only to have accounts sold online at lower rates.
The focus of hackers globally was to target bank accounts, credit card numbers, and social media accounts, but now, it seems like hackers are looking for ways to lure viewers in giving up their login credentials to do business. In short, they are creating a Netflix black market. A research by popular California security firm, Symantec, showed that the activity of stolen personal data is on a rise and it is now targeting the huge consumer base of the streaming company.
Hackers or fraudsters can lure customers in entering the account information through many ways. Mostly, it is harvested using social engineering. They bait users in giving up their credentials via login page or a spam email.
Once hackers get access to the account information, they then give this information to other people in the market for less than the actual subscription fee of the streaming service provider, which is $9.99. The Guardian reported that the total number of compromised accounts is still unknown but Symantec claims that these hackers sell these accounts to other people in as low as 25 cents.
The advert says, “300,000 in stock. 7 Day Guarantee”. These accounts can be used anywhere by minimum one and maximum four viewers at the same time. The spokesman of the company did not comment on this matter so far.
This will be a difficult task for the company to consider as sharing Netflix passwords has become quite common among roommates, couples and partners, and family members. McAfee reports that HBO and Marvel’s websites have also been victims for similar attacks.