Friday, March 4, 2011

Book Review: Kingpin

[From review]
"One Eastern European hacker called King Arthur stole $1 million a week from Citibank customers. (Although Citibank wasn’t alone — the CVV mistake cost US financial institutions $2.75 billion in one year.)
[. . .]
Throughout his career, Butler — who was eventually arrested by the FBI — stole 1.8 million credit card accounts from over a thousand banks, leading to credit card company losses totaling $86.4 million.

Despite this, the corporate negligence that enabled these losses not only continues, but, according to Poulsen, will never be fixed, as American corporations have deemed these losses “acceptable.”

http://www.nypost.com/p/news/opinion/books/the_iceman_stealeth_7zM1KhlsbJvpGu4GwBQLPL

The Iceman stealeth
Kingpin
By LARRY GETLEN
New York Post
Last Updated: 3:56 AM, February 27, 2011
Posted: 10:48 PM, February 26, 2011

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