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Topic: We are not alone...(Citibank hack losses) (Read 1163 times)

sr. member
Activity: 453
Merit: 250
June 25, 2011, 11:09:14 AM
#6
This is news because it helps setting up an Internet kill switch.

"Hackers hacked a bank! Next time they will hack a powerplant! We need to be able to shut down the Internet!"

I think you nailed it.
newbie
Activity: 10
Merit: 0
This is news because it helps setting up an Internet kill switch.

"Hackers hacked a bank! Next time they will hack a powerplant! We need to be able to shut down the Internet!"
full member
Activity: 214
Merit: 100
Losses from Citibank publicly acknowledged.
http://www.bloomberg.com/news/2011-06-24/citigroup-says-hackers-caused-2-7-million-of-losses-on-customers-cards.html
What I don't get is how this is news, credit card fraud is a billion dollar industry; why all the fuss over $2.7million?

A million here a million there, it adds up. Most likely it's news because "Hackers" were involved. Media likes that type of thing.
newbie
Activity: 31
Merit: 0
Quote
The customers will be reimbursed, Sean Kevelighan, a spokesman for the New York-based bank, said in a phone interview today. It’s the first public acknowledgement by Citigroup that the incident resulted in any financial losses.


member
Activity: 112
Merit: 10
Ride or Die
that's just play money though, not the real stuff.
sr. member
Activity: 453
Merit: 250
Losses from Citibank publicly acknowledged.
http://www.bloomberg.com/news/2011-06-24/citigroup-says-hackers-caused-2-7-million-of-losses-on-customers-cards.html
What I don't get is how this is news, credit card fraud is a billion dollar industry; why all the fuss over $2.7million?
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