Feeds

Stock-trading teen hacker jailed again over 2nd scam

Back inside for $100k swindle attempt

Protecting users from Firesheep and other Sidejacking attacks with SSL

A hacker jailed at 19 for a stock-trading scam has been jailed for three years over a new fraud, this time involving attempts to swindle a currency exchange out of $100,000.

Van T Dinh became infamous in 2003, aged just 19, when he hacked into the account of another trader in order to offload worthless stock derivatives he had acquired as a junior stock trader. The ruse involved tricking his victim into running Trojan horse malware disguised as a stock charting utility.

The scam was uncovered leading to computer hacking and identity theft charges against Dinh in the first case of its kind prosecuted by the Securities and Exchange Commission. He was convicted and jailed for 13 months a year later.

Dinh failed to find a regular job after his return to society, according to probation reports cited by Wired. By December 2008 he was up to his old tricks.

After setting up an account with an unnamed currency exchange he hacked into an administrator account to deposit two gifts of $55,000. He obtained unauthorised access to a further two accounts, gifting on $140,000, according to an FBI affidavit on the case obtained by Wired.

The unauthorised access was detected and traced back to an internet connection at the home Dinh shares with his mother in Phoenixville, Pennsylvania. Dinh was arrested and held on remand until his sentencing hearing this week when he was jailed for three years and ordered to pay $125,000 in compensation. ®

The next step in data security

More from The Register

next story
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Infosec geniuses hack a Canon PRINTER and install DOOM
Internet of Stuff securo-cockups strike yet again
THREE QUARTERS of Android mobes open to web page spy bug
Metasploit module gobbles KitKat SOP slop
'Speargun' program is fantasy, says cable operator
We just might notice if you cut our cables
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
YouTube, Amazon and Yahoo! caught in malvertising mess
Cisco says 'Kyle and Stan' attack is spreading through compromised ad networks
Hackers pop Brazil newspaper to root home routers
Step One: try default passwords. Step Two: Repeat Step One until success
Greater dev access to iOS 8 will put us AT RISK from HACKERS
Knocking holes in Apple's walled garden could backfire, says securo-chap
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.