Thursday, October 09, 2003

Leave the modem, take the cannoli

WIRED has a story about how Organized crime syndicates are now using cyberspace to run extortion rackets, child-pornography rings and a host of other operations they are known for.

Seeing that the individual net user can be coopted, the Mob is recruiting technically savvy programmers to concoct fraud schemes against banks, businesses, and individuals.

UPDATE: According to the BBC, Gangs from Romania are stealing MILLIONS from ATM machines using high tech pinhole cameras, card skimmers and other gadgets to obtain personal identification numbers & card details. The low tech method works as well as in many cases they just steal the cards themselves.


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