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09:05 AM

Man Pleads Guilty To Hacking Competitor's Business

Texas man allegedly stole customer information from 700,000 accounts on his victim's website.

David Kent of Texas has pleaded guilty in a Manhattan court to charges of hacking a competitor’s database and stealing information from more than 700,000 customer accounts, according to the US Department of Justice (DoJ). Kent, who heads up Oilpro.com, allegedly also attempted to sell his company to the company he hacked.

In 2010, Kent sold a networking website catering to the oil and gas industry professionals to a New York company and served as its president until 2011. In 2013, he launched a similar company called Oilpro.com and tried to increase its membership by illegally accessing the database of the company he had sold and stealing customer information, says the DoJ.

He then allegedly used this data to influence those clients to join Oilpro, and later tried to sell Oilpro to the NY company, which the DoJ did not name in its press release.

Kent was arrested earlier this year and his sentencing is scheduled for March 17, 2017.

Read more here.

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User Rank: Ninja
12/22/2016 | 3:43:02 AM
And More to Come
We're going to see more of this type of "isolated" cybercrime in the coming years.  The street ethic of taking over territory for purposes of cornering the market on a particular product, for instance, is still a viable strategy in other forms of business.  You do that by slowly eliminating - killing - the competition, or extorting customers of another supplier, and take it over by force.  On a small scale, anyone with access to the right tools can pull off what this man did and knock out a competitor.  Which is a great lesson for InfoSec professionals, that threats can come from anywhere, and sometimes are "small" attacks, targeted for a single and "humble" purpose.  As I've said many times, security professionals need to get more aggressive, heavy on the offensive, and bring some street smarts to their game.  But they also need to think like the average white collar businessman.  Bringing a little empathy into the InfoSec toolkit and considering potential threats from the "everyman" pool is also a great defense against the David Kents of the world. 
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