UPDATED 12:36 EDT / MARCH 12 2012

NEWS

AntiSec Christmas Stratfor Hack Cost $700,000 in Credit Card Fraud

Remember last year when Anonymous and AntiSec breached the FBI think tank Stratfor and made news by making off with 200 gigabytes of personal and finical data and 60,000 credit card numbers? It was about Christmas time and Anonymous decided to make some rather large donations at the time described a sort of Santa Robin Hood move for #LulzXmas.

Well, thanks to statistics released from the source and reported by SecurityWeek’s Steve Ragan: it comes out to nearly $700,000 total from the entire escapade:

It was in December of 2011 that AntiSec supporters targeted Stratfor, walking away with 860,160 usernames (email addresses) and passwords, and 60,000 credit card records. Earlier this week, the FBI charged Jeremy Hammond with the Stratfor attack, slapping him with one count of computer hacking conspiracy, one count of computer hacking, and one count of conspiracy to commit access device fraud. Each count carries a maximum sentence of 10 years in prison.

While making the case for Hammond, the FBI’s Milan Patel told a federal judge that between December 6, 2011, until early February 2012, “at least $700,000 worth of unauthorized charges were made to credit card accounts that were among those stolen during the Stratfor Hack.”

Anonymous made news with Stratfor for a second time, this time by leaking their e-mails to Wikileaks in February 2011—although the FBI and others are claiming this was part of a string operation involving the LulzSec turncoat leader Sabu acting as informant. The pilfered and released e-mails, however, still told something of a dim narrative of incompetence and led to the resignation of Stratfor’s CEO, so it’s a bit early to think of who stung whom in that leak.

In addition to the credit card fraud, Stratfor has reported almost $2 million in losses from the incident. This could only have been amplified by the February hack and the fallout that’s happened as a result. No doubt, there’s still even further damages to come down on them from venting information like an oil spill across the Internet.

It seems a little bit odd that the FBI and others wouldn’t have immediately released the card numbers that were taken after it became public knowledge they’d been pilfered and had the credit institutions shut them down. After all, the information was publicly available.

According to the SecurityWeek article, some people apparently were never informed their cards had been stolen. Although Stratfor did spend a portion of the losses incurred on monitoring for the card numbers compromised in the breach—but why that didn’t include informing all of the owners and the issuing credit card vendors seems a little strange.

At this point, even hactivist cyberwarfare can do damage if an institution doesn’t do a good enough job of securing its valuable information. And, in the event of a breach, rapid communication for damage control is needed to stop losses from spreading.


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