Select your localized edition:

Close ×

More Ways to Connect

Discover one of our 28 local entrepreneurial communities »

Be the first to know as we launch in new countries and markets around the globe.

Interested in bringing MIT Technology Review to your local market?

MIT Technology ReviewMIT Technology Review - logo

 

Unsupported browser: Your browser does not meet modern web standards. See how it scores »

{ action.text }

Scott Bernard Nelson writes in the Boston Globe that a 19-year-old in Phoenixville, PA, put a Trojan horse on a Massachusetts investor’s computer. This program was used to learn the victim’s brokerage password and, from there, to remove $37,000 from the man’s account.

Dinh alegedly went through elaborate machinations to obscure his identity. But come on! Dinh transfered $37,000 to his own account. There are auditing procedures in place.

Overall, this just shows more of the problems of relying on passwords.

“If convicted, Dinh faces up to 30 years in prison and $1 million fine,” making it clear that the government believes that financial crimes are more serious than violent crimes.

0 comments about this story. Start the discussion »

Reprints and Permissions | Send feedback to the editor

From the Archives

Close

Introducing MIT Technology Review Insider.

Already a Magazine subscriber?

You're automatically an Insider. It's easy to activate or upgrade your account.

Activate Your Account

Become an Insider

It's the new way to subscribe. Get even more of the tech news, research, and discoveries you crave.

Sign Up

Learn More

Find out why MIT Technology Review Insider is for you and explore your options.

Show Me