At the end of August, bank hacker Ehud Tenenbaum was photographed leaving court, having pleaded guilty to a single count of bank-card fraud. Tenenbaum, who is Iraeli by birth, had been arrested in Canada last year for allegedly stealing roughly $1.5 million in a bank hacking scheme. But before Canadian authorities could prosecute him, he was extradited back to the United States. Now he pleads guilty to having played a major role in a sophisticated computer-hacking scheme that officials believe scored $10 million from US banks.
However, Tenenbaum actually first made headlines a decade ago when he was arrested at the age of 19. Using the hacker handle “The Analyzer”, Tenenbaum was arrested with several other Israelis and two California teens in one of the first high-profile hacker cases that made international news.
Worryingly, news of The Analyzer’s arrest last month only scratches the surface of the level of computer-hacking schemes across the US in recent years, sparking real concern over the state of financial services security in protecting both its assets and its customers.
In January, for instance, at the World Economic Forum in Davos, Switzerland, experts warned how the threat of cybercrime is rising sharply, fuelling demand for a new system to tackle well organized gangs of cybercriminals. In fact, reports from the Forum suggest that online theft alone costs somewhere in the region of $1 trillion a year, with the number of attacks far outpacing the number of people and businesses who understand how to properly protect themselves.
So what’s next? Well, while congress battle to stabilize the already vulnerable economy and put in place new regulations to restore consumer confidence and tighten security, we gather some of the biggest hacker cases that have rocked the US financial system over the last few years. These highlight just what levels of damage can be reached should the government fail to increase security against highly organised cybercriminals.
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Haha I love that advert… nothing like a little subliminal advertising to help you fill your glass.
btw (for anyone interested) i’m changing my name on here to “colinrocks” (an old nom de plume) to avoid confusion with another Colin who’s been posting recently
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So, one of the eps is on bank hacking? Maybe a little bit of extra cash from the machines next week when we key in our digits? That’ll be nice. Putpocketing on a larger scale? It’ll be a start to getting back some of the dosh those dirty bankers stole from us this year in the biggest heist of the century!
Funny how they make a single hacker seem like a big organization of linked hackers, it doesn’t really work that way, its wonderful how the media puts words into someones mouth and exaggerates.
The Analyzer was well known in his time, but then he became greedy, a real hacker is patient and doesnt allow himself to fall into simple mistakes, he will keep his steps untraceable.
The best hackers are those that u never hear of and they r usually Russian, these hackers are usually contracted by “organizations” though, which are probably the hackers the media try to talk about all the time, from my experience hackers from the USA are good but they tend to show off due to their mentality and so they fail and get caught, UK hackers are usually a bit more calm about things and seem to mature faster
its a scary circle as paper free billing is AMAZING! but it’s worrying to wonder if they’ll be hacking into your accounts
does this relate at all to the bit in the advert where he talks about how even the most secure systems can be hacked into easily if you know where to look. (and then he looks at a ballon the little girl is holding which many people think is the symbol for barclays)…
Socks … that’s what I see … I predict an enormous economic boost for the sock industry in the future .. so nothing to worry about …
@Tash, I’d actually have to have some money in my accounts to be worried, honestly, if they saw my overdraft they’d go all ‘putpocket’ on me and start giving me money!
What happened to using good old cash?
First humans had coins made of gold and silver that were actually worth something. Then it was notes with a promise to pay the bearer the amount blah blah blah. Now all they want you to own is a series of numbers on a computer screen.
And anyway these hackers are a smokescreen to take the heat from the actual thieves………..
Speaking of hacking… has anyone been on the forwardsplash.com website today???