Largest Financial Hack Ever
2013 07 29

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

Former Chief Security Officer for NewsCorp: N. Koreans Not Behind Sony Hack, Interview Leak
2014-12-20 2:17
Hemanshu Nigam, a former federal prosecutor and former chief security officer for NewsCorp/Fox studios, says North Korea isn’t behind the Sony Hack. Nigam gave several bullet points for why the hack was likely an inside job. Attack code borrowed from a previous attack on Seoul, that’s why it’s in Korean. Private hackers typically borrow malicious code from other hackers.Nations state attacks follow ...
Sony Fires Back at Obama: Actually We Did Call the White House – Several Times
2014-12-20 2:13
Sony fired back at Obama after the press conference saying they had several conversations with the Obama White House before and after the movie was canceled. Via The Hollywood Reporter: After President Obama criticized Sony for its decision to cancel The Interview's release after theater chains decided not to show the film, the studio has issued a statement elaborating on the move. “The ...
The Bankster International
2014-12-20 1:55
Geopolitical analysis, the art of explaining power relationships through the prism of impersonal geography, can be a helpful tool for observers of the Great Game – but it also has its limitations. A case in point is the renewed US-Russia confrontation. Think tanks and policy insiders easily sell the narrative that from the dark days of the Cold War to ...
Another banker dies under suspicious circumstances
2014-12-20 1:09
52-year-old Belgian Geert Tack – a private banker for ING who managed portfolios for wealthy individuals – was described as ‘impeccable’, ‘sporty’, ‘cared-for’, and ‘successful’ and so as Vermist reports, after disappearing a month ago, the appearance of his body off the coast of Ostend is surrounded by riddles… Impeccable. Sporty. Cared for. Successful. Just some qualifications that are attributed to ...
NATO increases military presence on Russia’s borders
2014-12-20 1:14
The Pentagon has confirmed the military buildup along Russia’s borders to ensure long-term “peace and stability” in the region. Earlier Moscow accused NATO of a sharp increase in air activity and intelligence flights in the border zone. Replying to RIA Novosti’s query on the increased number of NATO flights around Russia’s borders, a Pentagon representative told the news agency that the military ...
More News »