You are hereArchive - Jul 17, 2015
Archive - Jul 17, 2015
In chips we trust: "data supermarket". Stored, stolen, sold: “They took money fr my credit card & told me I use stolen cards"
A data leak has resulted in around a million dollars worth of Woolworths gift cards needing to be cancelled. When Jason Wang checked the balance on his gift cards he found some had already been spent in Sydney stores.
*update* 11 August 2015
WashingtonPost - By breaking into the wire services, some of Wall Street's most vital and unnoticed information hubs, investigators said the hackers and traders were able to defraud investors on a massive scale while leaving no public trace, a worrying development for the increasingly intricate networks that keep the financial world online. With advance details on financial performance and corporate mergers from dozens of companies — including Bank of America, Boeing, Ford Motor, Home Depot, defense contractor Northrop Grumman and Smith & Wesson — the team made rapid and lucrative trades from shared brokerage accounts, funneling the money through shell companies and offshore bank accounts in Estonia and Macau... the sophisticated hacks targeted not just people's identities, but corporate intelligence, targeting a core vulnerability of the financial system in one of the digital age's most sprawling insider-trading schemes, and some hackers and traders were even aided by former broker-dealers. “The traders were market-savvy, using equities and options … to maximize their profits”, ...pocketed more than $100 million from illicit trades.
*update* 4 August 2015 read more »
Contact Us
RSS feed
