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The Biggest Virtual Case

Hacking is not just about curiosity or challenge, sometimes money is involved. Hacking a bank to get some money on the side is the best known example, and can sometimes result in the loss of millions. Such is the case, for example, of Vladimir Levin, who gained a share of infamy by stealing several million dollars under confusing circumstances.

Ten Million Dollars Stolen

In 1994, Levin infiltrated the internal network of the American bank Citibank, hacking the bank's analog connection and gaining access to several accounts. Once inside, he transferred $10.7 million to accounts in the United States, Finland, Germany, Israel and the Netherlands. He made these transfers with the help of three accomplices, who were instructed to recover the stolen sums.

His accomplices, however, were arrested when they tried to snatch the stolen funds. Their interrogation allowed the path back to Levin, who worked as programmer for a computer company based in St Petersburg, Russia, to be traced. He was arrested in March 1995 while on layover at Heathrow airport in London. Legal proceedings against him did not start until September 1997, and were completed in February 1998. He was sentenced to three years in prison.


Talkback
Anonymous 09/04/2008 9:27 AM
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They should have very serious consequences for hackers. I'm tired of defaced websites, viruses, trojans, etc. Although it is fun to screw around with other people's computers..especially if they've done it to you...but either way there should be some huge penalties for hacking. I say chop off a thumb on the first offence. 2nd offence: chope off the rest of the fingers on that hand. Hackers along with script kiddies would cease to exist.

itadakimasu 09/12/2008 9:20 AM
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itadakimasu

sounds like you have been the victim of malware and virii while doing some questionable internet browsing...

Anonymous 09/16/2008 6:41 AM
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Well, 'Anonymous', I hope you're using Tor to browse the 'intarweb', you worthless plebian.
Here in the USA, we aren't barbarians, and the only people who would even deserve such harsh treatment would be rapists and their ilk. Even so, we just lock em up and release them on probation a few months/years later. :P
Not perfect, but I say cutting off fingers because you're too stupid to take basic steps to protect your system? Kinda harsh.
The difference between a robber and a hacker, is that you can completely stop a hacker by unplugging your phone line from your modem.
Do that, for the sake of humanity. :P

arkadi 09/18/2008 3:27 AM
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arkadi

Well it is important info, but i don't think you can call them the best :) they got basted after all. Governments got best hackers if you ask me.

Reynod 09/18/2008 3:39 AM
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Reynod

There are numerous other well documented hacks that probably deserved a mention.

At least you did take the moral high ground.

You neglected to mention Electron and Phoenix ... clearly they were better than most of these mentioned here.



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