Reuters reports that the U.S. government has charged 8 individuals from New York in a $45 million cyber crime scheme, one of the biggest in history.
Reuters is reporting that that there are eight people who have been charged in what is apparently one of the biggest bank robberies of all time. They eight individuals were stealing debit card information from two Middle Eastern Banks and managed to steal an incredible $45 million in mere hours.
The group, who was based in New York, stole the credit card data from Mastercard Inc by hacking into their card processing computers, and then using the data they retrieved to make about 36,000 transactions in 24 countries. This was done in a span of 10 hours. Reuters also mentions that prosecutors have stated that the cards were all issued by both the National Bank of Ras Al-Khaimah in the United Arab Emirates and the Bank of Muscat in Oman.
As the world moves toward a wireless future, a case like this is a very significant reminder that cyber-crime will only continue to grow unless the proper measures are taken in securing the information that is being stored or transferred in devices all over the world.
According to statistics from Norton's Cybercrime Report, there are 556 million victims of cybercrime in 2012 alone. That's over 1.5 million victims per day, and 18 victims per second. All it takes is a capable individual to exploit one weakness, and many lives could be negatively affected as a result. As technology continues to evolve it is imperative to remember that the stakes are high and lives could potentially be at stake.
As for the eight New Yorkers who committed this crime, their names are Jael Mejia Collado, Joan Luis Minier Lara, Evan Jose Peña, Jose Familia Reyes, Elvis Rafael Rodriguez, Emir Yasser Yeje and Chung Yu-Holguin. The last is named Alberto Yusi Lajud-Peña and prosecutors say that he was murdered on April 27th in the Dominican Republic.