California Business Scores Settlement in Thorny Cybercrime Case - Report Example

Full Paper TJX Hacker Gets 20 Years in Prison In United s, the sentence for the cyber-crime case is ever accused is the lengthiest for hacking or identity-theft. The criminal named Gonzalez was also fined $25,000. The compensation for the identity-theft case was likely is in the tens of millions and hence it was not decided yet (TJX hacker gets 20 years in prison). The 28-year old Gonzalez was a clean-cut along with wireframe glasses man. He was sitting statically while folding his hands, at his chair during the proceedings on Thursday. The court had an argument over his argued of conquering computer networks and technical obsession or curiosity due to the fact that Gonzalez has once named his criminal enterprise as “Operation Get Rich or Die Tryin.” However, the court had obtained several findings that reveal that Gonzalez aim was to earn $15 million from his schemes, purchase a yacht and then retire. The initial interferences by Gonzalez involved several crimes such as decryption of PIN codes and the holy grail of bank card security. In addition, the court documents stated that Gonzalez wants assistance in Eastern Europe to crack the PINs. Moreover, the Gonzalez has programmed blank cards along with the debit cards in order to mag stripe data and to utilize them with the pinched PINs to tap money from the ATMs. The authorities that are responsible to overlook the situation found around 16.3 million stolen card numbers on Gonzalez’s leased Latvian server. Moreover, 27.5 million stolen numbers were also obtained by the authorities on the server in Ukraine. Nevertheless, this was not the Gonzalez’s initial crime involving cards. His first confrontation with the law enforcement authorities has activated in 2003. During that year, Gonzalez was taken into custody for making fraudulent ATM withdrawals in New York. He was considered as the top administrator on carding website named Shadowcrew with a nickname as “Cumbajohnny.”, where criminals operated stolen bank cards and other good stuff (TJX hacker gets 20 years in prison). For the TJX String of intrusions, the hacker Gonzalez had faced a sentence of 15 to 25 years. The government and the law enforcement authorities wanted this sentence to be supreme for him but on the other hand Gonzalez is accepting it to be least on the grounds that he is suffering from Asperser’s disorder and computer addiction. The defense also wants the government to cooperate extensively against his U.S. co-conspirators and two Eastern European hackers (known only as “Grigg” and “Annex”). Gonzalez even provided the government with information about breaches that had not yet been detected (TJX hacker gets 20 years in prison). http://www.wired.com/threatlevel/2010/03/tjx-sentencing/ California Business Scores Settlement in Thorny Cybercrime Case During March 2010, about $466,000 were disappeared from the accounts of Village View Escrow. This is a small business organization in California that embraces funds for property transaction. The stolen money was tapped over 26 online wire transaction that distributed funds to a network of people in order to wire the money to the banks in Eastern Europe via Western Union. However, this kind of cybercrime is way too common in European countries. The U>S Federal Bureau of Investigation (FBI) has already warned about years ago regarding the wire transfer fraudulent and mentioned in 2009 that it has cost the U.S. enterprises and business holders as much as $100 million loss (California business scores settlement in thorny cybercrime case). In fact, the Village View Escrow Company has sued its financial institutions for misrepresenting the security of its mobile banking system. The professional Business banks have used a single-factor confirmation system that is liable for the fraud. The petition concludes that the contesting Professional Business Bank’s assures that a user ID and a password created a state-of-the-art online banking system. However, it was alleged by the lawsuit that the Professional Business Bank has not followed federal online banking security advice including, multifactor authentication usage. 100 Phishers Charged In Egypt, a two-year international phishing investigation is launched that includes the Federal Bureau Investigation (FBI) and other authorities that commanded charges against 53 people in the U.S. and 47 overseas. On Wednesday, the FBI has revealed that 53 offenders that were charged are the largest number ever recorded in cybercrime case. Moreover, a multinational phishing scheme also revealed such epic numbers in United States. The accused thirty three out of 53 offenders were arrested as mentioned by FBI and other were still wanted. The investigation was started in 2007 and was named as “Operation Phish Phry.” In Egypt, the numbers of offenders that have charged were 47 linked to the phishing operation. The term Phishing means a kind of social engineering that endeavor to convince the computer users to through e-mail or other means to provide online credentials via e-mail, Web submission form or some other procedures under false pretenses. Moreover, fraud Web sites are also created frequently by phishers. The websites are designed to look like legitimate as a way to encourage site visitors to supply sensitive information, such as online banking login details. In a public announcement from Microsoft, it was identified that "several thousand Windows Live Hotmail customers credentials were exposed on a third-party site due to a likely phishing scheme."Moreover, the online attack has also impacted users online email services, Gmail accounts and yahoo accounts as well. likewise, as per federal bureau of Investigation, the phishing operation named as US-Egypt, numerous operations were able to collect personal identified information of affected users along with used information that was utilized against US banks. Moreover, hackers living in Egypt hacked banking information along with other personal identified information. This information was shared with associates living in the U.S for withdrawing funds by entering the stolen user credentials. The robbed money was then transferred to Egypt. All the captured 53 defendants were charged to a bank fraud, wire fraud carrying 20 years in prison (100 phishers charged in largest cybercrime case - security -). http://www.informationweek.com/security/attacks/100-phishers-charged-in-largest-cybercri/220301571 Six Hackers Charged In between the year 2010 and 2011, some members of a group called as Internet Feds made an on purpose attempt for online criminal activities. Likewise, members of this group were associated with cyber attacks incorporating security breaches resulting in stealing of information and publishing the same stolen data via email address, social networking sites and defacing various Internet websites. Members of this group were identified specifically as ACKROYD, DAVIS, MARTYN, O’CEARRBHAIL, and MONSEGUR committed Internet crime by hacking a website of a political party called as Fine Gael in Ireland, hacking of computer systems of security firm named as HBGary Inc. along with its affiliated company and stealing 80,000 user accounts. Moreover, system hack of Fox Broadcasting Company by stealing confidential data of more than 70,000 potential customers associated with a X-Factor that is a television show (FBI — six hackers in the united states and abroad charged for crimes affecting over one million victims). In the year 2011, Internet crimes of this group were publicized, as a result of their hacks and after getting popular, they changed their group name to “LulzSec.” After changing their name, they started to fearlessly penetrate in various online business and government organizations in the United States and throughout the entire planet. http://www.fbi.gov/newyork/press-releases/2012/six-hackers-in-the-united-states-and-abroad-charged-for-crimes-affecting-over-one-million-victims Teenager Sentenced A teenager associated with a hacking group named as ‘Team Poison’ was involved in making irritating phone calls on the number of anti terrorist hotline. An offence falls under section 1 of the computer misuse act 1990 and associated with illegitimate acquisition and publishing of address book of Tony Blair in the year 2011. Likewise, the investigation was carried out by the Police Central eCrime Unit and was claimed to be the most severe case of cyber crimes. Inspector of the unit on the crime stated that “Hussains actions were foolish and irresponsible. Todays sentencing emphasises the seriousness of his offence and should act as a deterrent to anyone else who feels that they can act in such a manner.” (Teenager sentenced in connection with cyber crime - metropolitan police service) http://content.met.police.uk/News/Teenager-sentenced-in-connection-with-cyber-crime/1400010374619/1257246741786 Work Cited Teenager sentenced in connection with cyber crime - metropolitan police service Retrieved 12/5/2012, 2012, from http://content.met.police.uk/News/Teenager-sentenced-in-connection-with-cyber-crime/1400010374619/1257246741786 FBI — six hackers in the United States and abroad charged for crimes affecting over one million victims Retrieved 12/5/2012, 2012, from http://www.fbi.gov/newyork/press-releases/2012/six-hackers-in-the-united-states-and-abroad-charged-for-crimes-affecting-over-one-million-victims 100 phishers charged in largest cybercrime case - security - Retrieved 12/5/2012, 2012, from http://www.informationweek.com/security/attacks/100-phishers-charged-in-largest-cybercri/220301571 California business scores settlement in thorny cybercrime case | PCWorld Retrieved 12/5/2012, 2012, from http://www.pcworld.com/article/258310/california_business_scores_settlement_in_thorny_cybercrime_case.html TJX hacker gets 20 years in prison | threat level | wired.com Retrieved 12/5/2012, 2012, from http://www.wired.com/threatlevel/2010/03/tjx-sentencing/ Read More