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Stealing From Banks One Cent at a Time

JRHelgeson writes "In a story strangely reminiscent of Superman 3, a 'hacker' allegedly stole over $50,000 from PayPal, Google Checkout as well as several unnamed online brokerage firms. When opening an online brokering account it is common practice for companies such as E-trade and Schwab to send a tiny payment — ranging from only a few cents to a couple of dollars — to verify that the user has access to the bank account listed. According to the story, the attacker wrote a script that opened thousands of accounts at dozens of these providers. He was arrested not for taking the money, but for using false names in order to get it."

2 of 313 comments (clear)

  1. He stole my idea! by joecasanova · · Score: 0, Redundant

    Totally stole my idea. That jerk!

  2. Re:PC load letter?! by El_Muerte_TDS · · Score: 1, Redundant

    It means that you have to fill the paper cassette of the printer with paper of the "letter" size.