Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!

 



Forgot your password?
typodupeerror
The Almighty Buck

Stealing From Banks One Cent at a Time 313

JRHelgeson writes "In a story strangely reminiscent of Superman 3, a 'hacker' allegedly stole over $50,000 from PayPal, Google Checkout as well as several unnamed online brokerage firms. When opening an online brokering account it is common practice for companies such as E-trade and Schwab to send a tiny payment — ranging from only a few cents to a couple of dollars — to verify that the user has access to the bank account listed. According to the story, the attacker wrote a script that opened thousands of accounts at dozens of these providers. He was arrested not for taking the money, but for using false names in order to get it."

Slashdot Top Deals

Save a little money each month and at the end of the year you'll be surprised at how little you have. -- Ernest Haskins

Working...