DOJ Announces Five Indictments In Largest Known Data Breach Case

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On July 25, the DOJ announced the indictment of five individuals accused of conspiring in a worldwide hacking and data breach scheme that targeted major corporate networks, stole more than 160 million credit card numbers and resulted in hundreds of millions of dollars in losses. The DOJ believes the defendants and others conspired to use a “SQL injection attack” to penetrate the computer networks of several of the largest payment processing companies, retailers and financial institutions in the world. Once started, the attacks could last months while the defendants worked to steal user names and passwords, means of identification, credit and debit card numbers and other corresponding personal identification information of cardholders, and subsequently sell the data to end-users who used the data to make fraudulent ATM withdrawals or credit card purchases. The DOJ’s action was based on the findings of an extensive Secret Service investigation.

Topics:  Cyber Attacks, Cybersecurity, Data Breach, DOJ, Hackers, Indictments

Published In: General Business Updates, Criminal Law Updates, Finance & Banking Updates, Privacy Updates, Science, Computers & Technology Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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