Business LawData Security & Privacy

Street Gangs’ Steal Identities of Donors Associated with Non-Profit – Rack Up $2 Million in Fraudulent Purchases

The traditional method of funding a street-gang criminal enterprise through the selling of drugs or guns is now changing to a new form of revenue generation – cyber-crime.  The reason for the paradigm shift is quite simple, the ability to make a large amount of money in an easy manner are simply outweighed by the chances of getting caught.  Additionally, cyber-crime is a non-violent crime, so there is a very low probability that if the criminal is caught the chances of doing “hard-time” is slim.

In Manhattan today, the district attorney’s office announced that it has indicted 55 people who are alleged to have stolen $2 million dollars in fraudulent purchases after targeting a non-profit organization.  The donors to the non-profit organization include some of the most notable philanthropists in New York City, but other victims of the cyber-ring included a Brooklyn car dealership, and real estate company, among others.  It should come as no surprise that a non-profit organization was the target of a cyber-crime.  The monies a non-profit typically generates goes toward funding the “cause,” and minimal attention towards governance protocols, like data security, is ever contemplated.  What the criminal sees is HUGE opportunity: High Net-Worth Incomes, Easy Access, No Awareness (mixed together, and this is a ripe formula for criminal actors).

  http://www.nytimes.com/2011/12/16/nyregion/indictment-expected-against-55-in-cybercrime.html?hpw

Leave a Reply

Your email address will not be published.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

This site uses Akismet to reduce spam. Learn how your comment data is processed.