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Theft of 8 million by Paypal Hacker

Posted by Dunia Terkini on Monday, April 9, 2012


A computer expert, Edward Pearson, 23, of Lendale, York has been sent to jail for two and half years for hacking into various PayPal and bank accounts. He is accused of carrying out of potential £800,000 worth of fraud.
He used a trojan to steal the credit cards details and other sensitive data of 8 million people in the UK. The details were all stolen over an 18-month period between January 1, 2010, and August 30, 2011.
According to dailymail, On one of his computers officers found 8,110,474 names, dates of birth, and postcodes for adults living in the UK. This data will take more than 67,500 double-sided A4 sheets.
For these frauds, Pearson coded trojan viruses, called Zeus, SpyEye and Python, to automatically scour the internet in search of personal details.
Authorities got the clue when his 21-year-old girlfriend, Cassandra Mennim, used stolen credit cards to book rooms at the upmarket Cedar Court Grand and Lady Anne Middleton Hotels. After that they traced the hacker as G-Zero on hacking forums.
Luckily, Pearson caught only after spending £2,351, but the total amount on the cards was £800,000 ($1.3M USD).
This hacker had also managed to shut down part of the mobile phone giant Nokia’s internal network for two weeks after hacking in and copying the details of over 8,000 members of staff, Southwark Crown Court heard.

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