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Biggest ever ID theft in Taiwan | | 2008/08/28 | | Six people are currently being held in custody for what is believed to be the biggest personal data hacking enterprise undertaken in Taiwan's internet history.
Among the identities of those compromised are the current and several former national presidents, ZD Net reports.
An official speaking on behalf of the Taiwanese Criminal Investigation Bureau (CIB) said: "The suspects are believed to have stolen more than 50 million records of personal data including information about President Ma Ying-jeou, his predecessor Chen Shui-bian and police chief Wang Cho-chiun."
The information that the perpetrators - believed to have been operating out of Taiwan and China - appropriated was then offered for sale at around £5 per entry and they also made millions of Taiwanese dollars by raiding online bank accounts.
The method causing the data breach seems to be based on the dilemma which asks whether it would be easier to attack the bank or their customers with the weakest link providing the same amount of spoils.
However, some experts are suggesting that the post-scam operation was conducted naively as what they were selling could be bought cheaper on demand. |
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