Hacking as a Lucrative Play: Malicious Hackers Making Over $10,000 a Week
Why do you think why hackers are Lulzsec and Sabu are so active in their cyber attack activities? Is this just to satisfy their zeal for outraging someone’s privacy, or something else?
Well, it’s about money as well. Recently, an interview surfaced up on Dendory.net, of a hacker who makes almost $10,000 per week. The interview was conducted IRC (Internet Relay Chat), with a hacker named ‘d0g’. As IRC is a common tool used extensively by programmers, hackers, and many other niches.
“What I discovered however is that those channels are very easy to find, and they are some of the most popular ones on all the big IRC networks. As you can see, they are easy to find, and that’s where I met d0g, and he started talking in his broken English. I learned he was from Romania, and he was less than 20 years old. The second thing I quickly discovered is how easy this all is. While some of them will trade stolen identities or full CC info on IRC, now most of that business seems to be done on a large number of underground web sites.”
What came out as an interesting fact is that getting rich with stolen identities is really easy. All you need to do is covering your tracks, perhaps using a VPN. There’s a lot of VPN providers out there, who will charge as little as $5 per month, and provide access to over 30,000 IPs, providing anonymity at all time.
Once hackers are able to maintain anonymity via private VPNs. Next, they get some money online in order to buy credit card numbers, and post items on sale on different sites, such as eBay using fake identities. As creating a fake account on eBay is easy, this is a preferred platform for hackers. Of course, PayPal too. What they need to keep in mind is the geographical location, as they need to maintain consistency of IP. For example, if they create fake account for John Smith from Spain, they will use a Spain VPN, and any time when they go back to one of the John Smith accounts, same Spain IP address has to be used. This is to be done in order to avoid tracking via automatic detection bots of the target websites.
Now, when someone purchases a product, they grab the CC information from the buyer, and use the information for their benefit. This way, hackers make huge amount of money.
Since you’re here …
… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.
If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.