T $223$ Case Study Homework

$[30$ points$]$

Case Study $[$Corporate Computer Security textbook $$ Chapter $1]$

The State of Cybercrime

In $2013,$ cybercriminals hacked into databases at RAKBANK in the UAE and Bank of Muscat

in Oman$\mathrm{.}1$ The thieves stole prepaid debit card information and distributed it to a worldwide

network of $$cashers$$ that encoded the information on fraudulent cards. The network of

criminals then distributed PIN numbers and stole $$45$ million in two days by withdrawing

money from $3,000+$ ATMs in $26$ countries.

The Department of Justice arrested seven of the eight members of the criminal cell in the

United States. One defendant fled to the Dominican Republic and became deceased after

a dispute about how to distribute the ill$-$ gotten funds.