Access member only content, take part in discussions with comments on blogs, news and reviews and receive all the latest security industry news directly to your inbox. Join now for free.
A confirmation email has been sent to your email address - SUPPLIED EMAIL HERE. Please click on the link in the email to verify your email address. You need to verify your email before you can start posting.
If you do not receive your confirmation email within the next few minutes, it may be because the email has been captured by a junk mail filter. Please ensure you add the domain @scmagazine.com.au to your white-listed senders.
A San Francisco man charged with hacking into financial institutions and then hawking the stolen data in an online forum has been sentenced to 13 years in a US federal prison.Max Ray Butler, who uses the online alias "Iceman", was also ordered to pay US$27.5 million in restitution. He was sentenced last week in U.S. District Court in Pittsburgh. The 37-year-old was indicted in 2007 on charges of wire fraud and transferring stolen identity information. Police tracked down Butler with the help of an informant from Pennsylvania who purchased more than 100 credit card records from him.He pleaded guilty last June. According to the complaint against Butler, he used wireless hijacking tactics to break into the databases of financial institutions and credit card processing centers from various hotel rooms. He then sold the stolen information on his now-defunct online forum, CardersMarket, reportedly peddling some 1.8 million records that resulted in some US$86 million in fraudulent charges.Butler was facing at least 30 years in prison but received a reduced sentence after cooperating with prosecutors. According to a report in the Pittsburgh Tribune-Review, his attorney argued that jailing Butler was a waste of resources and that he should use his expertise to help defend the nation against cyberterrorists.Butler was previously released from jail in 2002 after serving an 18-month sentence for hacking into Pentagon computers, the report said. See original article on scmagazineus.com
To begin commenting right away, you can log in below or register an account if you don't yet have one. Please read our guidelines on commenting. Offending posts will be removed and your access may be suspended. Abusive or obscene language will not be tolerated. The comments below do not necessarily reflect the views or opinions of SC Magazine, Haymarket Media or its employees.