Topic: for anyone interested in how much their personal data is worth - page 3. (Read 616 times)

What you can expect the personal data should be expensive? even we know any people personal information, we can't do anything except if you're become a robbery. Nowadays centralized exchanges ask for selfie, video or even biometric verification, so you can't impersonating someone using their personal data only.

However even personal data is worth really cheap, that's not mean our personal data is cheap too, if someone never share his personal data to any site, their personal data worth unlimited.

Like anything the value of something is determined by its supply and demand, the demand for more data could make us believe that our personal information should be worth a fortune, however the supply of data is enormous as well, not only because of leaks and hacks, but each smartphone is more advanced than the previous one and it can generate a massive amount of data about you the more you use it, so I think it is natural the information of a single person is worth so little.

Mine is just around $0.27. So cheap indeed. I'm a little bit surprised this is how cheap our data are. That's probably one of the reasons why they're being sold in bulk. Otherwise, it isn't good money. But despite how cheap they are, they translate into millions, even billions, when utilized by companies all over the world. But it's probably more worrisome if these data are much more expensive. There'd be more data miners willing to disrespect privacy for money.

is this standardized? The fact that it's this cheap makes it even less encouraging for people to protect their data, since after all it's dirt cheap!

In my opinion (and I don't want to sound like a conspiracy theorist as much as possible but it's just so preposterously cheap for me) these journals are hiding something from us, perhaps keeping the fact that Data could go for even more expensive in the market, after all, from a single behavioral data set a company could make millions with it already. Plus we have companies who advertise services where "you can monetize your own data", how does that go for in the grand scheme of things?

We can't deny the fact that no matter how we protect our personal data, there will still be companies who will steal it from different cookies and sell them at a cheaper price regardless of how it may affect us. We have no choice since we are always complying with KYCs nowadays and we are always providing our personal details to different institutions both local and international. It will be easier for companies to find data resources that they could buy and sell at a higher price.
In the latest technology that we have nowadays, we should expect that this identity theft will surely happen in the name of money so the best that we can do is just to protect our personal data the best way that we can do. Data protection isn't that strict right now, so we can always expect data selling anywhere and this has been already over the black market industry for over the years.

It's interesting to see these numbers and I'm guessing that they correlate to how much money they can make from marketing towards you. I guess the fact that many middle easterners (at least in places like Saudi and the UAE) receive an income from their government and have vast amounts of disposable cash it what contributes towards that, maybe religion plays a part in it as well. I might have expected the white demographic to be higher placed, but there are quite a few in that group so the pricing can range a large amount depending on geography and the demographic. In general you might find specific peoples are worth much more, so these are very broad averages taking into account the large poorest groups.

The data of us was readily available now a days,So the worth of the data was not high now.But if you sell the data with the video verification,the data had high value.The reason for the fall in the data price is due the middle man,who sell the available personal data at very cheap.Many people selling the KYC of the developed countries at the value of 10-20 dollars.The middle man use to get data from the hackers from the government website,where the data are readily available of their citizens.The sale of KYC was the big business in the crypto industry now.

If you look at it realistically, personal data, especially when it comes to a middle-income person, is an invaluable treasure trove of information for marketing agencies. Unfortunately, due to constant leaks, despite various laws, our personal data is virtually worthless today

Kind of disappointing numbers for those who were making plans on how to live on selling their data to some companies!

I never understood why some thought that their internet usage behavior was worth that much, when you're on a budget and 10 cents in price difference is enough to change your buying habits why would a company pay even one cent for it? I did make a few of my friends angry when I asked them calmly and smiling, who the hell do you think you are that your data would be worth more than $10 bucks when that's all the money you have in your pocket?

Companies need to make a profit, if they would pay millions just to find out that the one thousand guys they get all the info on them have little or no intention of buying or using any of their products how would that work out?

Besides, I don't understand this fear of company x knowing I'm interested in product y?
So, what are they going to do show me add of product Z and I'm going to act like a moron and buy it just because I saw an ad?


A perfect example of how somebody making the minimum wage should not be that concerned Bentley Motors Limited has acquired his browing data habits. 

At this point I don't believe anything said by a company, institution or government regarding data protection for users because it is bullshit. Even now, user data is still widely traded in online forums and usually the data is still fresh, which means it has just been hacked or sold by irresponsible parties.
Indeed, this is the risk for us as users, of course our identity, activities and various data about us are valuable and are very vulnerable to being traded, and we as users cannot do anything about this.

For advertising companies, detailed data such as KYC is actually not that important. All they do is capture data/history of your interaction while connected to the internet via cookies. It doesn't violate any privacy rules at all

Maybe such detailed data is a bit expensive in different markets like the dark web.

In my opinion, it depends on the data buyer's needs. In the realm of the internet, data transactions are closely tied to the advertising industry, which we often encounter on blogs, social media, marketplaces, and elsewhere. Targeted advertising yields a higher conversion rate compared to non-targeted ads.

Professionals like doctors, engineers, or individuals in various occupations certainly possess data of different qualities compared to the average person. In the field of medicine, for instance, there's a natural inclination toward products related to healthcare. Thus, data categorization can become even more precise when processed by professional platforms.

Another example is data that becomes more valuable when you come across someone with a keen interest in sports. In such cases, sports brands would be interested in acquiring this data to present sports-related product offers to those who share an interest in sports.

One piece of data can be utilized by multiple companies, which is why data has become a valuable asset in today's digital world.

I used to take surveys of various levels of importance, mostly low level quick survey (xbox points and such like) however I was once offered a thousand dollars just to fill out a 20 minute survey on my shopping preferences.   Somehow the survey company believed I was earning half a million a year or something silly like that and made this offer, I did not realize in time or I might have answered appropriately in order to qualify for the survey payment.  Half way through the survey they realized yes this guy is actually poor and thanked me for my time and closed the question answer session, zero compensation because I was too honest unfortunately.
   Im not sure why they thought I was so rich, if I had half a mil earnings I would not waste 20 minutes of my scarce highly valuable spare time on really painful questions so boring especially when payment being delivered is so fragile.

Demographics alters alot of things for advertising, some parts of the economy do not ever watch TV.  Often this is young people, up and coming target markets.  If you can supply data on people off the radar, its going to become alot more worthwhile.  This data worth sounds like general search engine stuff, non specific not much insight.
  I dont have specifics but a crypto blockchain is related this, they give data on customers and payments for using their browser etc. occurs.   

Is there a way that data cost is also related to status or profession? Like are these class of people sort after more or not because if they are, I think the data value could be higher. So with the research you did, could you determine if doctors, lawyers, engineers are better placed in data urgency than those of unskilled.

The cost of data for people in this category is cheap because companies will not like to spend more money on people who are close to retirement. These set of people are no longer that productive so their earnings might keep decreasing which might also affect their spending. Meanwhile, firms will always like to associate with long-term customers, and people between the age of 20-40 will be the ideal target. This group of young people is still active and can earn more, which means the firm will pay more to get their data.

The worth of data can also be determined by how easy or difficult it is to get the data. It has been observed that male in the Middle East are very conscious of their data because they live secret lives. So getting their data is difficult, which makes the cost higher. Also, many of them have high incomes so they will be targeted by firms.

Dark sites today sell complete information, including credit card numbers and more. But no matter how surprising it may sound to some, many independently disseminate information about themselves, providing documents left and right.
In addition, surfing the Internet also comes under the surveillance of advertising and tracking trackers, which an ignorant person who does not expect any tricks does not know how to get rid of.
I can say more: Bounty hunters are not so naive as to provide their data to bounty programs where client verification is required. The Internet is full of telegram channels where people’s data can be purchased in batches by country and gender.
Therefore, whenever you leave your data, you can expect that someday a loan will be issued in your name, which you will have to repay.

I think the use-case for the data are very important, because you derive profits from the targets that you are identifying with this data mining. Let's take the whole "faucet" era as an example and what ended their reign in the Crypto currency scene...

So, back in the day.... loads of Crypto faucets popped up like mushrooms and all of them were funded from Advertisement income. The sites went crazy to gain as much traffic as possible to receive more advertisement income....but it all ended in a "Bang" ...when the advertisement companies analyzed the traffic and realized that most of the traffic that were coming from these sites was worthless for marketing purposes.

How can you pay for traffic, when you have millions of people that are clicking a button to get a fraction of a cent... every hour? Is this the target consumer for products and services that you want to sell with those advertisements?

These companies want to target potential customers with a lot of money to spend.... and they pay premium prices for information on those type of targets. 

I'll spoil the idyll of worrying about private data a bit

Do you honestly worry so much, and keep your data as a secret ? Phone number, e-mail, full name, passport number ? Do you really think that this is critical information ?
And do you really think that this information is not available before it was sold on the darknet?
Then I have very bad news for you
All this information is available to those who may need it - government registries, tax office, banks,.... - they all have this data and access to it ! Don't get your hopes up about the secrecy of this data
That's why I can't understand what the problem with the BASIC data is ?
I understand - data on illnesses, account numbers and passwords, private correspondence, etc. But the BASIC data that we ourselves leave everywhere all the time - why are you so worried about it ?
In my country, for example, the registers of vehicle and real estate owners are OFFICIALLY open, and I don't see anything wrong with that!

Yes, and I have doubts about the data on gradation by income - do those who sell have information to the accounts of persons in their database ? If there is - the question is not to those who sell, but to those who leak this information to banks ...

May I ask for the source of this data that you have presented? I would like to use it in one of my presentations for my employer. There's an ongoing debate I am having with my boss about something similar so the source will immensely help me.

Data is the new oil! The digital marketers live on the data and patterns. But corporates who hold such data usually sells it at a much higher price.

As they say, data is the new oil.

That's why most of these huge tech companies are drowing themselves to these data and they're earning if not millions to billions on this one while acquiring those for free.

Aside from the business that they're having, they're taking our data and sells it to the advertisers. It's a win win for them but what can we do if they're offerring free service which most likely all about social media and communication?

It is unavoidable when our data has been floating even with our telcos, they've got us already even without stepping on the web.