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Smackdown on data criminals
2008-08-05 21:05:00 by Manu Namboodiri in Data Protection, Management and Leakage
 
The long arm of the law finally flexed in a major indictment of criminals who were charged with hacking and stealing credit cards from major retailers.

Eleven folks were charged with the crimes ranging from conspiracy, computer intrusion, fraud and identity theft.

Interesting nuggets from the report:
  • They hacked nine major U.S. retailers, stole and sold more than 40 million credit and debit card numbers...
  • Apparently this is the single largest and most complex identity theft case ever charged in this country
"While technology has made our lives much easier it has also created new vulnerabilities. This case clearly shows how strokes on a keyboard with a criminal purpose can have costly results. Consumers, companies and governments from around the world must further develop ways to protect our sensitive personal and business information and detect those, whether here or abroad, that conspire to exploit technology for criminal gain," said U.S. Attorney Michael J. Sullivan.

I agree with the US Attorney - we need better ways to prevent such hacking. But one point is clear again in this case - those who hack work for increasingly sophisticated criminal enterprises and will deploy significant resources to steal as long as the returns are worth it.
 
 
 
 
 
 
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