Monday, November 12, 2007

Hacker pleads guilty

<A HREF="http://www.infoworld.com/article/07/11/12/Hacker-pleads-guilty-to-creating-botnets_1.html?source=rss&url=http://www.infoworld.com/article/07/11/12/Hacker-pleads-guilty-to-creating-botnets_1.html">A hacker has pleaded guilty</A> to infecting hundreds of thousands of computers with malware in order to steal money from Paypal accounts. He could spend 60 years in prison and face a US$1.75 million fine.

John Schiefer, 26, admitted that he and some associates developed malware that allowed them to create botnet armies of as many as 250,000 computers. Schiefer was able to collect information sent from the infected computers, including usernames and passwords for Paypal accounts. He and his associates were then able to make purchases using the Paypal accounts. They also shared the password information with others.

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