Banks, credit card companies, and major businesses take large measures to protect themselves against cyber attacks. Still, very little stops the best of hackers from infiltrating and getting around the most sophisticated technology.
“The hacker underground has developed various weapons in cyber space that allow them to bypass encryption and thus get into these systems and steal your funds. The average loss associated with a cyber heist is $1.3 million – compared to the average bank robbery in the physical world where you have a gun or a weapon, is only $6,000 to $8,000,” says financial security expert Tom Kellermann.
Cyber robbery is a criminal industry with staggering rewards. In 2005, a Miami-based hacker made history by pulling off one of the biggest online bank heists of all time. But he’s far less known than the likes of Bonnie and Clyde or Billy the Kid. Hacker Albert Gonzalez would drive through Miami’s shopping districts, hacking into store’s wireless networks. He wasn’t sealing their money – he was fishing for credit card numbers, and he’d struck the mother load.