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Stratfor Breach Leads to Over $700k In Fraud

wiredmikey (1824622) writes | more than 2 years ago

Security 0

wiredmikey (1824622) writes "It isn’t often that after a data breach involving credit cards, that the public is also given a marker on the exact amount money lost by consumers as a result. Thanks to the FBI however, we now have a better understanding of what 60,000 stolen credit cards translates to financially, as this data was included in their investigation notes while working the Stratfor case.

The last time the public had something close to actual stats from the source, we learned that the TJX breach cost Visa $68 million in 2007, two years after the TJX network was compromised by Albert Gonzalez. Yet, those were Visa’s estimates. Now, in the aftermath of the Stratfor breach, the FBI has attributed $700,000 worth of charge fraud to the 60,000 credit card records taken during the network compromise.

It was in December of 2011 that AntiSec supporters targeted Stratfor, walking away with 860,160 usernames and passwords, and 60,000 credit card records. Earlier this week, the FBI charged Jeremy Hammond with the Stratfor attack, slapping him with one count of computer hacking conspiracy, one count of computer hacking, and one count of conspiracy to commit access device fraud. Each count carries a maximum sentence of 10 years in prison."

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