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36 Indicted in Global Cybercrime Ring That Stole $530M (go.com)
U.S. prosecutors say 36 people have been indicted in connection with an international cybercrime ring that bought and sold stolen credit card information, leading to losses of more than $530 million. From a report: The Justice Department says Wednesday that the so-called Infraud Organization dealt in the large-scale acquisition and sale of stolen identities, credit card information and malware. Deputy Assistant Attorney General David Rybicki says it was "truly the premier one-stop shop for cybercriminals worldwide." He says the organization used an online forum on the dark web to sell financial and personal information. Investigators believe the organization's nearly 11,000 members targeted more than 4.3 million credit cards and bank accounts.
This should show everyone how much security and validation is lacking in almost every aspect of our lives. The best thing to do, is to learn from what happened and evolve systems that can deal with the real threats. When security legs behind, you get scenarios such as this!
More to get.
There have been studies in the past to see what motivates people to NOT break the law.
To prevent people breaking the law, raising the sentence or the punishment tends to have little impact. What does have impact is raising the chance that you will get caught. You can hand out life sentences for people stealing candy bars and it would prevent fewer people stealing them than if you embedded a security chip into the wrapper or had a policeman standing next to the candy bar at all times watching it.
Punishment doesn't deter people- chance of getting caught does.
This is the problem with cybercrime. You can put any punishment on committing a crime and it won't stop many people doing it because; cyber criminals know there is almost no chance they will ever get caught. Cybercrime is only going to get worse because there isn't an effective way to police it; so people need to be increasingly vigilant about security.
"That's the way to do it" - Punch
can't it just be crime?
more payments happen electronically (ooooo cyberspaec) than traditionally (boooo meatspase)
I use APK's hosts file engine am I safe? Should the institutions who this information was stolen from have used APK's hosts file engine to prevent the incursions into their systems? I really need to hear from APK so that I can get reliable and timely InfoSec advise on how to handle threats like this.
Only 16 out of nearly 11,000 members? I guess it's a start, but they still have a long way to go.
Beware of the Redittor who loans you a Sharpie.
Thirty-six people were indicted out of 11,000 who stole more than half billion dollars. The lack of morality among these thousands of criminals is shocking. "In Fraud We Trust" is their motto. I wish every single one of them could see time behind bars.
It's only a crime cause we say it's a crime. First you make the criminal then punish the criminal. I would like to know if they are out side of the US. If they are then it would only be a crime if the country there in has laws against what they did. I for one don't give a shit about crimes against Non people. If it doesn't heart the individual then I'm all for it. It's only crimes against people that bother me. We have let the corporate world take over the world and tell us how to act and think we are all sheep. I hope one day the many people of the earth will take it back from the few that are controlling US ALL. Peace
but they were dumb enough to come to Vegas.
Really, that's all there is to the story.
There's a list decades long of scams that were busted when they came to Vegas.
Wearable computer?
Busted 40 years ago.
Next.