Friday, October 8, 2010

One Hacker's Audacious Plan to Rule the Black Market in Stolen Credit Cards

Well, i read the story from page 1 to 7 and it was like i was watching 'Die hard 5'.



Max Butler had an audacious plan to rule the black market in stolen credit cards. But angry hackers and pesky Feds had other ideas.

Excerpts below

The heat in Max Butler's safe house was nearly unbearable. It was the equipment's fault. Butler had crammed several servers and laptops into the studio apartment high above San Francisco's Tenderloin neighborhood, and the mass of processors and displays produced a swelter that pulsed through the room. Butler brought in some fans, but they didn't provide much relief. The electric bill was so high that the apartment manager suspected Butler of operating a hydroponic dope farm.

But if Butler was going to control the online underworld, he was going to have to take the heat. For nearly two decades, he had honed his skills as a hacker. He had swiped free calls from local telephone companies and sneaked onto the machines of the US Air Force. Now, in August 2006, he was about to pull off his most audacious gambit yet, taking over the online black markets where cybercriminals bought and sold everything from stolen identities to counterfeiting equipment. Together, these sites accounted for millions of dollars in commerce every year, and Butler had a plan to take control of it all.

Read the whole story here.

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