Five charged with stealing 160+ million credit card numbers

[ShyWriter]

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Five charged with stealing 160+ million credit card numbers

 

Posted on 26 July 2013.

 

A federal indictment made public in New Jersey charges five men with conspiring in a worldwide hacking and data breach scheme that targeted major corporate networks, stole more than 160 million credit card numbers, resulted in hundreds of millions of dollars in losses and is the largest such scheme ever prosecuted in the United States.

 

 

The five defendants conspired with others to penetrate the computer networks of several of the largest payment processing companies, retailers and financial institutions in the world, stealing the personal identifying information of individuals.

They took user names and passwords, means of identification, credit and debit card numbers and other corresponding personal identification information of cardholders. Conservatively, the conspirators unlawfully acquired more than 160 million card numbers through hacking. (More...)

 

Continued at: https://www.net-security.org/secworld.php?id=15293

 

Steve

[mountaintree16]

I'd like to know who was most likely to be affected by this :/  Glad they were caught!

[Firefox]

Glad they got busted, now throw the book at them.....

People like this always get caught eventually because they get greedy....

[CWB]

you bet ... greed and distrust are two major causes of getting caught .

maybe they should take a lesson from the past ...

they are *still* looking for jimmy hoffa .

 

still , a 160 milllion sets of information is a big chunk .

i wonder how much economic damage would have been done had they not been caught .

to my notion , eventually someone is going to have to "eat a bullet" with it ...

the rightful owner can be cleared of all charges (pun intended) but as the "goods are gone" (and were paid for in the first place . ie : manufacturing /materials costs) and could be written off as a "loss" by those corporations ...

this means a lowered payment in taxes and this in turn relates to ...

well , you get the idea .