Later On

A blog written for those whose interests more or less match mine.

130 million credit card numbers stolen

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Shredding your credit card bill doesn’t matter much when data thieves steal millions of credit card numbers at a time. Associated Press’s Devlin Barrett reports:

Federal prosecutors on Monday charged a Miami man with the largest case of credit and debit card data theft ever in the United States, accusing the one-time government informant of swiping 130 million accounts on top of 40 million he stole previously.

Albert Gonzalez, 28, broke his own record for identity theft by hacking into retail networks, according to prosecutors, though they say his illicit computer exploits ended when he went to jail on charges stemming from an earlier case.

Gonzalez is a former informant for the U.S. Secret Service who helped the agency hunt hackers, authorities say. The agency later found out that he had also been working with criminals and feeding them information on ongoing investigations, even warning off at least one individual, according to authorities.

Gonzalez, who is already in jail awaiting trial in a hacking case, was indicted Monday in New Jersey and charged with conspiring with two other unnamed suspects to steal the private information. Prosecutors say the goal was to sell the stolen data to others.

How much of the data was sold and then used to make fraudulent charges is unclear. Investigators in such cases say it is usually impossible to quantify the impact of such thefts on account holders.

Prosecutors say Gonzalez, who is known online as “soupnazi,” targeted customers of convenience store giant 7-Eleven Inc. and supermarket chain Hannaford Brothers, Co. Inc. He also targeted Heartland Payment Systems, a New Jersey-based card payment processor.

According to the indictment, Gonzalez and his two Russian coconspirators would hack into corporate computer networks and secretly place “malware,” or malicious software, that would allow them backdoor access to the networks later to steal data…

Continue reading.

Written by LeisureGuy

27 August 2009 at 9:13 am

Posted in Business, Daily life, Law

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