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+-   Hacker takes $50,000 a few cents at a time -> on Wednesday May 28 2008, @09:08AM JRHelgeson

Submitted by JRHelgeson on Wednesday May 28 2008, @09:08AM
security
JRHelgeson writes "In a story strangely reminiscent of Superman 3, a 'hacker' allegedly stole over $50,000 from PayPal, Google Checkout as well as several unnamed online brokerage firms. When opening an online brokering account it is common practice for companies such as E-trade and Schwab to send a tiny payment — ranging from only a few cents to a couple of dollars — to verify that the user has access to the bank account listed. According to the story, the attacker wrote a script that opened thousands of accounts at dozens of these providers. Ironically, he was arrested not for taking the money, but for using false names in order to get it."
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