Largest Financial Hack Ever
2013-07-29 0:00

By Ryan W. Neal | IB Times



5 Hackers Stole 160 Million Credit Cards, Hundreds Of Millions Of Dollars

Five Eastern European men were indicted Thursday for committing the largest financial hack ever. The five-man hacker crew -- four from Russia and one from Ukraine -- broke into more than a dozen corporations around the world and stole 160 million credit card numbers, usernames, passwords and more personal information over the course of seven years, resulting in the loss of hundreds of millions of dollars.

From 2005 to 2012, the hackers accessed private networks belonging to the Nasdaq stock exchange, Citibank, PNC Bank, Heartland Payment Systems, 7-Eleven, JCPenney, Hannaford Brothers and many more. They were eventually detected by a firm in New Jersey, and U.S. attorneys brought the case to the Department of Justice.

The hackers gained entry to networks through Structured Query Language injection attack. SQL is a language that manages data in a database, and the hackers identified vulnerabilities that gave them access and allowed to create permanent backdoors to the network. They also installed "sniffers" which identified, collected and stole sensitive data automatically. One attack on Global Payment Systems began in 2011 and resulted in more 950,000 credit cards stolen and $93 million lost.

The hackers sold the information at rates of $50 for European information and $15 for Canadian information. Apparently U.S. credit cards aren’t worth as much, as the hackers only sold it for $10.

[...]

Read the full article at: ibtimes.com



Related Articles
Hacker reveals email addresses of 1,350 Council on Foreign Relations members
Jailed Journalist Barrett Brown Faces 105 Years For Reporting on Hacked Private Intelligence Firms
Hackers convention ask government to stay away over Snowden
Snowden Targeted by Hacker "The Jester": Hacks Countries that Might Help Whistleblowers
Pirate Bay founder sentenced to 2 years in Sweden hacking case
The US Government Might Be the Biggest Hacker in the World


Latest News from our Front Page

Aurora Shooting Victim Parents Face $200K Court Fees, Bankruptcy, After Failing to Sue Ammo Dealers
2015-08-01 2:17
The 2012 Colorado Theater Shooting still doesn’t add up… Media character and ‘Shooter’ James Holmes in court in 2012-2013. In 2014, Sandy and Lonnie Phillips, the mother and stepfather of Aurora Theater Shooting victim Jessica Redfield Ghawi, tried to sue the ammo companies they believe supplied shooter James Holmes with his ammunition, body armor and other items. They bleived that the online retailer BulkAmmo.com had sold Holmes ...
FBI's Joint Terrorism Task Force Investigating Confederate Flags at MLK's Ebenezer Baptist Church
2015-08-01 2:21
According to the Atlanta Police Department, two White men left four small Confederate Battle Flags outside MLK’s Ebenezer Baptist Church in Atlanta … and get this, the FBI’s Joint Terrorism Task Force is on the scene investigating the incident. Atlanta police Chief George Turner said his agency was working with federal authorities and they have not determined what charges might be ...
Democratic National Committee Chair Wasserman Schultz Can’t Explain Difference Between Democrat Party and Socialism
2015-08-01 2:08
Things got very awkward today when Chris Matthews asked DNC Chair Debbie Wasserman Schultz what the difference was between the modern Democratic Party and Socialism. We haven’t seen that dazed look since Rachel Dolezal was busted as a fraud. Wasserman Schultz was speechless. Completely stumped. Couldn’t answer. Then changed the subject. Because we all know there is no difference between today’s Democrat Party and the radical ...
Catching on slow: Yet Another Study Show Cellphone Radiation Cause Cancer
2015-08-01 1:44
The scientists were right — your cell phone can give you cancer. There have long been whispers of a cancer connection from your cell — and a new study backs up the claims. "These data are a clear sign of the real risks this kind of radiation poses for human health," study author Igor Yakymenko said. Yakymenko’s meta-study — basically a study of ...
Trump Goes #Cuckservative on Immigration
2015-08-01 1:28
For weeks, the media have trumpeted the supposed death of the Trump campaign. First, they claimed, Trump’s campaign imploded on launch thanks to his comments about illegal immigration. Then they claimed that Trump was finished because of his slap at Senator’s (R-AZ) war service. But neither of those comments alienated Trump’s base – he’s maintained his seven point lead over ...
More News »