Fraud Case Exposes Hackers Strategy
April 26, 2011
Total Loss:
$36 Million
A 26-year-old hacker from Georgia recently pleaded guilty to the theft of more than 675,000 credit cards that led to more than $36 million in fraudulent transactions.
According to court records, Rogelio Hackett Jr. saved stolen credit card details on computers and in e-mail accounts. He often sold this data, which was then used by those who bought the information to make fraudulent charges. Hackett, set to be sentenced in July, could face 12 years in prison.
Source:
Bank Info Security
Posted in:
Credit Card Fraud