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Russian Hackers Made $2.5B Over The Last 12 Months
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Marilyn Cohodas
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Marilyn Cohodas,
User Rank: Strategist
10/17/2014 | 8:43:09 AM
Re: Enforcement irony?
Well there is Interpol, of course, which recently announced that it is teaming up with Kaspersky Labs and Trend Micro in a state-of-the art facility to fight cyber crime based in Singapore. But in terms of big busts stemming from the major retail breaches of the past year, the criminals responsible seem to have gotten off scott free -- at least so far.

 

 
AnonymousMan
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AnonymousMan,
User Rank: Moderator
10/16/2014 | 6:47:48 PM
Re: Time for Apple Pay?
LOL.
Dr.T
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Dr.T,
User Rank: Ninja
10/16/2014 | 6:37:54 PM
Re: Enforcement irony?
Laws are geographically bounded but the Internet is not, this certainly creates some challenges but if each country does its own duty property the problem would be less severe.
Dr.T
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Dr.T,
User Rank: Ninja
10/16/2014 | 6:35:08 PM
Re: That's a lot
Numbers are more likely estimates but that does not change the fact that there is a market on stolen credit cards. We need to change overall system to avoid utilization of current credit cards and numbers.
Dr.T
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100%
Dr.T,
User Rank: Ninja
10/16/2014 | 6:32:44 PM
Time for Apple Pay?
Maybe it is time for ApplePay now. Apple releasing iOS8.1 on Monday which will support ApplePay, that may a way out with this complexity.
AnonymousMan
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AnonymousMan,
User Rank: Moderator
10/16/2014 | 10:48:38 AM
Re: That's a lot
It is a lot, but since it's pretty much a made up number AFAICT...why not say $2.5T?  Then we could really get some popular support in the US for the Govt to intervene like we all know they want to.
RyanSepe
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RyanSepe,
User Rank: Ninja
10/16/2014 | 9:40:11 AM
Re: Enforcement irony?
You bring up a good point Marilyn. How come there have been no substantial repercussions for these attacks? Basically illuminating the idea that if the stove never burned you, you would keep touching it proverb. Especially if it had a high yield like credit data theft.

From my perspective I would have to think it would be difficult to prosecute on an international level. Not being too familiar with other countries cyber crime laws and punishments. But in certain countries these may not apply. Is there a global authoritative level for issues such as these?
prospecttoreza
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prospecttoreza,
User Rank: Strategist
10/16/2014 | 9:31:51 AM
this number was not reported on the tax return, so were does it come from?
So Target lost around 50M cards, Home deport another 50M. Let's double this number to cover other breaches. 200M. Now, kids, let's multiply 200M by $10 per card - and we are getting a wooping $2Billion. But that is assuming that all of them are sold - at that specific price! Look at all other numbers here depicting profit from selling data to spammers and so on. These numbers have 3 meaningful digits which implies 0.1% accuracy! This is all bogus numbers that come from a mere action of multiplication.
Marilyn Cohodas
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Marilyn Cohodas,
User Rank: Strategist
10/16/2014 | 9:17:40 AM
Enforcement irony?
Isn't it ironic that in POS attacks "no one has been prosecuted so far..... therefore there is no reason for a decline, only growth." But the biggest successes (reduction of theft from legal entities) were where there were effective investigations. Isn't that kind of obvious? Or am I missing something? 
Whoopty
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Whoopty,
User Rank: Ninja
10/16/2014 | 8:11:13 AM
That's a lot
$2.5 billion is starting to get to the point where you wonder if the state might be getting involved. We've already seen some of the most rogue hacking elements in China come from practically autonomous military units. Perhaps the Russian government is padding its coffers with a bit of illicit hacking? 
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