Monday, June 7, 2010

Cyber crime is so profitable

Cybercrime is very profitable business in the last decade if we look at it as a business and don` consider its illegal effects.Large sums have been stolen successfully in one-shot deals, as well as by acquiring small sums in large quantities. I can find some of the most important cybercrime which occurred in 2007.they are include:
January 2007 – Russian hackers, with the aid of Swedish middle-men, steal 800,000 euros from Swedish bank Nordea.
February 2007 – Brazilian police arrest 41 hackers for using a Trojan to steal bank account details used to make 4.74 million dollars.
February 2007 – Seventeen members of Internet fraud gang arrested in Turkey for stealing up to 500,000 dollars.
February 2007 – Li Jun arrested for the “Panda burning Incense” virus used to steal gaming and instant messaging (IM) account names; believed to have made around 13,000 dollars by selling the malware.
March 2007 – Five eastern Europeans imprisoned in the UK for credit card fraud; they stole an estimated 1.7 million pounds.
June 2007 – 150 cybercriminals arrested in Italy; alleged to have bombarded Italian users with fake emails to generate around 1.25 million euros in ill-gotten gains.
July 2007 – Russian cyber thieves allegedly used a Trojan to steal 500,000 dollars from Turkish banks.
August 2007 – Ukrainian Maxim Yastremsky [aka “Maksik”] detained in Turkey for allegedly making tens of millions of dollars from ID theft.
September 2007 – Gregory Kopiloff charged in the U.S. for allegedly using P2P file-sharing software Limewire and Soulseek to gather information used in ID fraud; allegedly made thousands of dollars in purchases using stolen data.
October 2007 – Greg King arrested in the U.S. for participationin the February 2007 DDoS attack on Castle Cops; faces a maximum sentence of 10 years in prison and 250,000 dollars in fines.
November 2007 – The FBI arrests eight individuals in the second phase of its anti-botnet initiative dubbed “Operation Bot Roast”, which has allegedly so far uncovered more than 20 million dollars in economic losses and more than one million victim computers.
December 2007 – Cybercriminals broke into computers at the U.S. Department of Energy’s Oak Ridge National Laboratory (ORNL); reportedly also targeted Los Alamos National Laboratory and Lawrence Livermore National Laboratory. Over 12,000 Social Security numbers and birth dates of ORNL visitors between 1999 and 2004 were stolen. This breach is a national security issue and leaves the individual victims vulnerable to identity theft and financial fraud.

1 comment:

  1. I think low barriers to entry and the difficulty of law enforcement across multiple jurisdictions are the most importanat reason that cybercrime occure

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