A graduate of St. Petersburg Technology University in Russia,
mathematician Vladimir Levin supposedly masterminded the Russian cracker gangÂ’s
exploit that tricked CitibankÂ’s
computers into relinquishing $10 million. Levin apparently used a laptop
computer in London to crack the Citibank network in order to get a list of the
bank clientsÂ’ passwords. He then logged on to the network 18 times over several weeks with the intent of
transferring money to accounts his group had in the United States, Finland, the
Netherlands, Germany, and Israel. Levin was arrested at Heathrow Airport in
1995 and was sentenced to a three-year prison term in the United States. He was
also ordered to pay back more than $240,000 of the stolen money to
CitibankÂ—supposedly his share.
After this incident, Citibank began using the dynamic
encryption card, an extremely tight security system possessed by other
financial institutions worldwide.
Black Hats; Cracking; Exploit; Network; Vulnerabilities of Computers.
Discovery Communications, Inc. Hackers: Outlaws and Angels. [Online, 2004.]
Vladimir Levin. Discovery Communications, Inc. Website.
convergence/hackers/bio/bio_09.html; Flohr, U. Bank Robbers Go Electric.
[Online, May 20, 2005.] CMP Media, LLC. Website.