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Threat of hacker-obtained tax information yields $137m revenue
This week, the German Tax Authorities opened cases on 1,100 suspected tax evaders thanks to information purchased from a “hacker”. As reported on BusinessWeek and other sites, the hacker offered a CD of information of German nationals with “secret” Swiss bank accounts managed by Credit Suisse to the German authorities, who quickly snapped it up, apparently for the price of 2.5 million euros.
Reports indicate that around 400 million euros of unpaid taxes could be reclaimed. Read more…
Bank sues customer for $200,000 of unrecovered cybercrime losses..
An interesting standoff going down in Plano, Texas, between Hillary Machine Inc, a manufacturer and supplier of fabricating equipment, and their Bank, PlainsCapital.
It seems back in November 2009, Cybercriminals obtained the details to Hillarys account in the PlainsCapital online banking system, and made a series of transfers totalling $801,495. Roughly $600,000 was recovered, and the remainder is now subject to dispute. Read more…
Who?
 | EVP Cyber Product Innovation for Mastercard. Formally the Chief Technology Officer for Intel Secure Home Gateways, CTO for McAfee Enterprise Endpoint, CTO McAfee Innovation team, and Founder/CTO SafeBoot Corp. |
Simon Says - Musings of a Technology CTO 
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