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Book Excerpts

 

Criminal hacking at the grass roots level

Book Excerpt – The cost of doing business
Chapter 8
Pages 95-98
Zero Day Threat: The Shocking Truth of How Banks and Credit Bureaus Help Cyber Crooks Steal Your Money and Identity

ISBN- 13: 978-1-4027-5695-5

March 2005, Edmonton

In the year and a half Yolanda and Jacques were a couple, they had lived in three different places. The apartment they currently occupied, a two-bedroom, third-floor walk-up in the middle-class Mill Woods neighborhood south of the city, was by far the nicest.

Yolanda, twenty-three, was a functioning addict. Her drug of choice: crystal meth. Yolanda held down a decent job as a clerk for a courier company and earned enough to afford a car-she drove a white 1995 …more

Microsoft pays $250,000 bounty to catch Netsky/Sasser author

Book Excerpt
Chapter 4
Pages 52- 59

Zero Day Threat: The Shocking Truth of How Banks and Credit Bureaus Help Cyber Crooks Steal Your Money and Identity 2008 by Byron Acohido and Jon Swartz, Union Square Press, Sterling Publishing Co. ISBN- 13: 978-1-4027-5695-5

Virus Wars

Subject: Hi

So began the Virus Wars of 2004. It would pit the new breed of for-profit virus writers against an idealistic German teenager. Collateral damage would reverberate around the globe: tens of millions of PCs compromised; hospitals, banks, and transportation systems briefly knocked out. The world would never be the same. After 2004, hacking would become almost exclusively a for-profit criminal exercise, and the Internet-the emergent information superhighway-would become a thoroughfare of thieves.
It would start with an innocuous-looking sliver of …more

How credit bureaus created and perpetuate errors in your credit history

Book Excerpt

Zero Day Threat: The Shocking Truth of How Banks and Credit Bureaus Help Cyber Crooks Steal Your Money and Identity 2008 by Byron Acohido and Jon Swartz, Union Square Press, Sterling Publishing Co.

ISBN- 13: 978-1-4027-5695-5

Rife with Inaccuracies (Pages 88-94)

Lending is the art of hedging your bets. The basic model for doing it profitably is simple. Whenever possible, make loans only to borrowers of good repute likely to repay you as agreed, with reasonable interest. Should you choose to lend to folks who might be late with a payment-or worse, default on the loan-simply charge a higher interest rate to reflect your increased risk.

The art comes in differentiating reliable borrowers from risky ones; in short, profiling. When it comes …more

How the selling of fake antivirus got its start

Book Excerpt
Chapter 14 – Gaps in the system
Pages 177-181

Zero Day Threat: The Shocking Truth of How Banks and Credit Bureaus Help Cyber Crooks Steal Your Money and Identity 2008 by Byron Acohido and Jon Swartz, Union Square Press, Sterling Publishing Co.

ISBN- 13: 978-1-4027-5695-5

Expediters

As the accountant for a boutique Atlanta law firm, Shaillie Gattis was naturally expected to be the resident techie. Gattis actually was well qualified. Her father, Roger Thompson, made his living as a virus guru, and as a teenager, she had worked for Thompson’s antivirus start-up, Leprechaun Software, back in Brisbane, Australia, before the family moved to America. So Gattis knew her way around computers.

But one day …more

Wire transfer risk: why banks will not reimburse fraudulent ACH cash transfers

Book Excerpt
Chapter 11-Perception Change
Pages 140- 144
Zero Day Threat: The Shocking Truth of How Banks and Credit Bureaus Help Cyber Crooks Steal Your Money and Identity
ISBN- 13: 978-1-4027-5695-5
Plausible Deniability
When it comes to who gets to eat the losses from fraudulent activity, banks draw a marked distinction between individual consumers and small-business owners. Banks don’t need the trust of its …more

The end of hacking’s age of innocence

Book Excerpt
Chapter 3
Pages 38- 45
Zero Day Threat: The Shocking Truth of How Banks and Credit Bureaus Help Cyber Crooks Steal Your Money and Identity. 2008 by Byron Acohido and Jon Swartz, Union Square Press, Sterling Publishing Co.

ISBN- 13: 978-1-4027-5695-5

“billy gates . . . fix your software!!”

Precocious teenagers, disaffected computer geeks, egotistical virus researchers, determined spammers, all sharing varying degrees of disdain for Microsoft, most coveting each others’ respect and admiration-these were the enemies Bill Gates rallied his troops to repel in early 2002.

Gates had no way of knowing it at the time, but a cataclysmic shift in the attacker community was under way. A dozen years had slipped by …more