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“NASDAQ is owned.” Five men charged in largest financial hack ever

arstechnica.com

31–40 of 143 posts

Re: “NASDAQ is owned.” Five men charged in largest financial hack ever

#32

I honestly believe eastern Europe and possibly Israel are years ahead of the United States when it comes to the Internet - not with regard to adaptivity, but with regard to raw hacking ability. I have yet to understand why and I only have anecdotal evidence (including living in Ukraine), but there's something to those places that make them breed hackers.

Could it also be that the US hackers are just as visible? They could be quietly recruited by the government when they get caught.

Re: “NASDAQ is owned.” Five men charged in largest financial hack ever

#33
> Court documents allege that as a result of the scheme, financial institutions, credit card companies and consumers suffered hundreds of millions in losses, including more than $300 million in losses ...

BULLSHIT. I want to see hard evidence that there were real losses totaling more than $300 million. The justice dept loves inflating loss figures based on sentencing guidelines which mandates minimum losses for stolen info even if they were never used to commit a crime.

Re: “NASDAQ is owned.” Five men charged in largest financial hack ever

#34

> According to one indictment, European credit card numbers sold for as much as $50, while US ones fetched about $10. This is truly dumbfounding to me. They had normalized, searchable access to millions of credit cards. They presumably had systematic ways of siphoning off money on high balance cards in a way that no one would've ever noticed. And yet, their grand scheme was to hock the numbers piecemeal for 50 a pop?…

If they used them all at once to make purchases, it would have triggered fraud protection software. If they were distributed, less likely to be caught.

Re: “NASDAQ is owned.” Five men charged in largest financial hack ever

#35
post #9

You would think that a way to stop these kinds of attacks for pennies on the dollar would be to have the security companies, banks, retail stores and others involved on the receiving side of these attacks fund hackathons or startup accelerators in every country, like a startup weekend, to give these "kids" a chance at legal startups and to get paid for finding bugs.

We spend how many hundreds of billions on the NSA so they can slurp all the worlds data? Why not force them to secure all networks?

I do not think that we would want the result of that.

Re: “NASDAQ is owned.” Five men charged in largest financial hack ever

#36

"According to one indictment, European credit card numbers sold for as much as $50, while US ones fetched about $10. " Where are they getting their numbers from? Last I heard (a year or two ago), carders charged about 10 cent for foreign cards and a dollar per US card. Any actual carding researchers care to weigh in?

I'm not sure where you got your info from but non-US cards have always had higher value due to limited supply. The value also depends on the type of info. For example, magnetic stripe data (dumps) is worth more than basic card info (which isn't worth much).

Re: “NASDAQ is owned.” Five men charged in largest financial hack ever

#38
post #35
post #9

Earlier quoted context omitted.

We spend how many hundreds of billions on the NSA so they can slurp all the worlds data? Why not force them to secure all networks?

I do not think that we would want the result of that.

HA the jokes on you! We already HAVE the result of that.

In all serious though, just be thankful you're still alive you unappreciative uppity citizen; at least you haven't been killed by a terrorist yet.

Re: “NASDAQ is owned.” Five men charged in largest financial hack ever

#39

"According to one indictment, European credit card numbers sold for as much as $50, while US ones fetched about $10. " Where are they getting their numbers from? Last I heard (a year or two ago), carders charged about 10 cent for foreign cards and a dollar per US card. Any actual carding researchers care to weigh in?

I'm not sure where you got your info from but non-US cards have always had higher value due to limited supply. The value also depends on the type of info. For example, magnetic stripe data (dumps) is worth more than basic card info (which isn't worth much).

The botnet carding numbers were what I was quoting, not mag stripe dumps. And I was told it was the other way around, that US cards either had higher limits or the banks were more lenient with the credit? Seeing as Americans use credit cards way more than most countries, a multitude of charges would be more easily overlooked. But i'm pretty sure $50 per card is not a realistic rate, even if they're worth more than US cards.
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