Feeds

Stock-trading teen hacker jailed again over 2nd scam

Back inside for $100k swindle attempt

5 things you didn’t know about cloud backup

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. ®

5 things you didn’t know about cloud backup

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?