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• Member since: November 24, 2008

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• This is old news. Ever since the hack of companies like DPI in 2001/2002 hackers saw the effect of the market being flooded with stolen data. The price for stolen credit card data with full info dropped from $5 each to about $.35 each.
  
  Hackers understand supply and demand. I can list 20 companies that have had backdoors that hackers use to take only what they need when they need it. They do not steal it all and hope to sell it.
  
  When you hear about major breaches, it is usually because the well has dried up and the hacker is trying to cover his/her tracks by telling averyone about the way to take the data. They rely on the script kiddies and newbies to steal it all and then try to use the information. law Enforcement will of course chase the easy ones and the real/original hacker will get away.
  
  You will also see a flood when rival hackers/hacking crews want to cause havoc. They will go public with someone elses money bag.
  
  In 2000, Vasilli Gorschov and Alexey Ivanov were the first cyber crime business. Gorschov was the manager, Alexey was the hacker and they used a variety of online associates to convert the stolen data into cash or product. All of this was done from an apartment attached to a prison in Chelyabinsk, Russia.
  
  How do I know this? I am intimately aware of these facts because I was an undercover FBI agent who bought the stolen information from hackers around the world. the stolen data could be linked back to online companies and then we would find the back doors that only the hackers would use.
  
  ejhilbert@gmail.com In reply to: "Symantec says Internet underground economy is organized and rich"

  November 24, 2008

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