Facebook used to hack bank accounts

Most of us use Facebook to keep in touch with our family and friends, posting up our thoughts and daily goings-on without giving much thought after that. Well, Iain Wood has other plans with Facebook, having spent up to 18 hours each day online, where he works out passwords from personal information that are posted on social networking sites by his acquaintances and friends. In fact, Iain targeted folks who were living in his block of flats, where he used his friends’ personal details in order to get beyond basic security checks, hacking into their bank accounts in order to siphon away more than £35,000 across the time span of 2 years. Of course, he has nothing to show for all that stolen money now since he spent all of it at the gambling table.

Iain got caught because he became careless and let his guard down – where he started being over-confident of himself and changed his system, alerting authorities in the process. The sentence for the crime? He was jailed for 15 months. If can’t do the time, don’t do the crime!

Edwin Kee
Categories: Computers
Tags: Facebook, Hacking