3-and-a-half years sentence for PayPal thief
Posted on 23 February 2011.
Accused of having broken into 303 eBay and PayPal accounts and of stealing over £180,000 in total from the legitimate owners of the accounts, a 22-year old from Sherwood, Nottingham, has plead guilty to various charges of fraud and theft and has been sentenced to three and a half years in prison.

The hacker - one Richard Kirk - cracked the passwords to the eBay accounts and from there accessed the victims' PayPal accounts. He then proceeded to transfer the money from these accounts to his and, finally, to buy stuff with the appropriated funds.

Among the things he bought were actual gold bars, whose delivery was monitored by the police after having been contacted by the owner of one of the compromised accounts. According to thisisnottingham.co.uk, Kirk was arrested "with his laptop on his knee, surrounded by parcels" after the postman left.

Whether Kirk managed to crack the passwords to the eBay accounts by guessing or by phishing has not been reported, but given the fact that compromising PayPal accounts gives attackers direct access to money, it is no wonder they are the most targeted online accounts by phishers.






Spotlight

The big picture of protecting and securing Big Data

Today almost every company is dealing with big data in one way or another – including customer data, tracking data, and behavioral marketing information – connecting every aspect of our lives. While this is a cutting edge use of technology, data monitoring can become dangerous when placed in the wrong hands.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  
DON'T
MISS

Fri, Aug 28th
    COPYRIGHT 1998-2015 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //