Hacker Takes $50,000 a Few Cents at a Time

A hacker has used a loophole to collect more than $50,000 from Google Checkout and online brokerage firms, a few cents at a time. 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. Services such as Google Checkout and Paypal use a similar tactic to verify credit and debit cards linked to accounts. According to court documents, Californian Michael Largent used an automated script to open 58,000 such accounts, collecting many thousands of these small payments into a few personal bank accounts

Share this Story
  • Art

    Geometric Pattern: Circle Stacked / Red Wolf

    Geometric Pattern: Circle Nested: Rainbow Geometric Pattern: Circle Nested: Festive Geometric Pattern: Circle Nested: Ornament Geometric Pattern: Circle Nested: Terracotta Geometric ...
  • Art

    Geometric Pattern: Aperture: Brunch / Red Wolf

    Geometric Pattern: Aperture: Salmon Geometric Pattern: Aperture: Citrus Geometric Pattern: Aperture: Lemon Geometric Pattern: Aperture: Olive Geometric Pattern: Aperture: Ocean Geometric ...
  • Art

    Geometric Pattern: Aperture: Stone / Red Wolf

    Geometric Pattern: Aperture: Bluestone Geometric Pattern: Aperture: Brownstone Geometric Pattern: Aperture: Pebble Geometric Pattern: Aperture: Portland Geometric Pattern: Aperture: Sandstone Geometric ...
  • Art

    Geometric Pattern: Aperture: Ghost / Red Wolf

    Geometric Pattern: Aperture: Abby Geometric Pattern: Aperture: Butterscotch Geometric Pattern: Aperture: Columbia Geometric Pattern: Aperture: Linen Geometric Pattern: Aperture: Peach Geometric ...
  • Art

    Geometric Pattern: Aperture: Retro / Red Wolf

    Geometric Pattern: Aperture: Ashbury Geometric Pattern: Aperture: Mysterioso Geometric Pattern: Aperture: Parkside Geometric Pattern: Aperture: Passage Geometric Pattern: Aperture: Racer Geometric ...
  • Art

    Geometric Pattern: Aperture: White Background / Red Wolf

    Geometric Pattern: Aperture: White/Red Geometric Pattern: Aperture: White/Orange Geometric Pattern: Aperture: White/Yellow Geometric Pattern: Aperture: White/Green Geometric Pattern: Aperture: White/Blue Geometric ...
Load More Related Articles
  • Art

    Geometric Pattern: Circle Stacked / Red Wolf

    Geometric Pattern: Circle Nested: Rainbow Geometric Pattern: Circle Nested: Festive Geometric Pattern: Circle Nested: Ornament Geometric Pattern: Circle Nested: Terracotta Geometric ...
  • Art

    Geometric Pattern: Aperture: Brunch / Red Wolf

    Geometric Pattern: Aperture: Salmon Geometric Pattern: Aperture: Citrus Geometric Pattern: Aperture: Lemon Geometric Pattern: Aperture: Olive Geometric Pattern: Aperture: Ocean Geometric ...
  • Art

    Geometric Pattern: Aperture: Stone / Red Wolf

    Geometric Pattern: Aperture: Bluestone Geometric Pattern: Aperture: Brownstone Geometric Pattern: Aperture: Pebble Geometric Pattern: Aperture: Portland Geometric Pattern: Aperture: Sandstone Geometric ...
  • Art

    Geometric Pattern: Aperture: Ghost / Red Wolf

    Geometric Pattern: Aperture: Abby Geometric Pattern: Aperture: Butterscotch Geometric Pattern: Aperture: Columbia Geometric Pattern: Aperture: Linen Geometric Pattern: Aperture: Peach Geometric ...
  • Art

    Geometric Pattern: Aperture: Retro / Red Wolf

    Geometric Pattern: Aperture: Ashbury Geometric Pattern: Aperture: Mysterioso Geometric Pattern: Aperture: Parkside Geometric Pattern: Aperture: Passage Geometric Pattern: Aperture: Racer Geometric ...
  • Art

    Geometric Pattern: Aperture: White Background / Red Wolf

    Geometric Pattern: Aperture: White/Red Geometric Pattern: Aperture: White/Orange Geometric Pattern: Aperture: White/Yellow Geometric Pattern: Aperture: White/Green Geometric Pattern: Aperture: White/Blue Geometric ...
Load More By Red Wolf
Load More In Technology

Leave a Reply

Your email address will not be published. Required fields are marked *

Photos from Flickr