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Man stole 35k using facebook

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Hacker stole £35k from neighbours by using social media sites

yahoo-news-logo_161520.gifBy Gaby Leslie | Yahoo! News – 13 hours ago

A cyber criminal stole £35,000 from his neighbours' bank accounts by using information displayed on their Facebook and Friends Reunited profile pages.

Iain Wood, 33, of Newcastle, would compile information about his targets from the social networking sites to successfully get past security questions and steal money to fund his gambling addiction.

ianwood_114009.jpg

Newcastle Crown Court was told last week how the carpet fitter pretended to be the neighbours in his tower block to get his hands on their savings and intercept bank cards.

After pleading guilty to seven counts of false representation, Yahoo! News was told how Wood was jailed for 15 months for the offences which lasted between June 2008 and June last year.

[Related feature: How to make sure you're not stalked on Facebook]

The fraudster would call up customer care centres and say he couldn’t remember the password. Neil Pallister, prosecuting said: “He would be asked security questions about dates of birth and mothers’ maiden names and he was able to give correct details in some cases.

“He would make friends with people on Facebook and have got their usernames and then he would try it on the bank websites, on the basis people use the same passwords.”

Mr Wood was able to fool the system for two years until he became complacent and started transferring money out of one neighbour’s account and directly into his own.

His elaborate scam was foiled when one victim was contacted over the withdrawal of £1,500 and the police were called.

Northumbria Police thought it was a one-off but the court was told that Wood blurted out: “Have you been on to me for a while?”

Judge Guy Whitburn, at Newcastle Crown Court, said: “This is the first time I’ve come across a sophisticated fraud such as this, it was very well planned, complex and clever.”

“He was using other people’s identities and there was a considerable breach of trust in assuming his neighbours’ identities.

“It is an extremely bad deception on people in the same block of flats as he. People’s blood runs cold when they see money taken from their accounts.”

http://uk.news.yahoo.com/hacker-stole-%C2%A335k-from-neighbours-by-using-social-media-sites.html

JEEZ!

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Hardly a 'hacker'. Swear that term gets bandied about too freely these days.

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So what did he hack into?

From what I can see some dumbasses put all the information regarding their security questions in the public eye and he just exploited that.

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hacking just means accessing something with a computer that you're not supposed to be able to get to

it doesn't mean using complex techniques

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tbh he gets my respect for that. but not for how he wasted the money

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Yes but they posted the information to a public place.

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Power of information

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lol @ the judge, sophisticated scam you know

these guys live some vanila lives

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Hacker is becoming one of those buzzwords

like Terror

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Hacker is becoming one of those buzzwords

like Terror

innit

/

smart guy but stupid at the same time

he sent the money direct from the neighbours account to his like it was untraceable?

and then saying more than needed to be said to the cops

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Hacker stole £35k from neighbours by using social media sites

yahoo-news-logo_161520.gifBy Gaby Leslie | Yahoo! News – 13 hours ago

A cyber criminal stole £35,000 from his neighbours' bank accounts by using information displayed on their Facebook and Friends Reunited profile pages.

Iain Wood, 33, of Newcastle, would compile information about his targets from the social networking sites to successfully get past security questions and steal money to fund his gambling addiction.

ianwood_114009.jpg

Newcastle Crown Court was told last week how the carpet fitter pretended to be the neighbours in his tower block to get his hands on their savings and intercept bank cards.

After pleading guilty to seven counts of false representation, Yahoo! News was told how Wood was jailed for 15 months for the offences which lasted between June 2008 and June last year.

[Related feature: How to make sure you're not stalked on Facebook]

The fraudster would call up customer care centres and say he couldn’t remember the password. Neil Pallister, prosecuting said: “He would be asked security questions about dates of birth and mothers’ maiden names and he was able to give correct details in some cases.

He would make friends with people on Facebook and have got their usernames and then he would try it on the bank websites, on the basis people use the same passwords.”

Mr Wood was able to fool the system for two years until he became complacent and started transferring money out of one neighbour’s account and directly into his own.

His elaborate scam was foiled when one victim was contacted over the withdrawal of £1,500 and the police were called.

Northumbria Police thought it was a one-off but the court was told that Wood blurted out: “Have you been on to me for a while?”

Judge Guy Whitburn, at Newcastle Crown Court, said: “This is the first time I’ve come across a sophisticated fraud such as this, it was very well planned, complex and clever.”

“He was using other people’s identities and there was a considerable breach of trust in assuming his neighbours’ identities.

“It is an extremely bad deception on people in the same block of flats as he. People’s blood runs cold when they see money taken from their accounts.”

http://uk.news.yahoo.com/hacker-stole-%C2%A335k-from-neighbours-by-using-social-media-sites.html

JEEZ!

:ghost: :ghost: :ghost:

DEM WANZ

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Hardly a 'hacker'. Swear that term gets bandied about too freely these days.

I agree

isn't the correct term for what he done 'social engineering'

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and then saying more than needed to be said to the cops

That's how I know it was far from a 'sophisticated fraud'.

Guy was browsing facebook and noticed that the information people gave matched his security questions so he wanted to check if they matched theirs.

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Hardly a 'hacker'. Swear that term gets bandied about too freely these days.

Its called social engineering.

You can literally get the password of any of your facebooker by knowing three of their friends.

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