Jul. 26th, 2013

drwex: (WWFD)
Maybe it's just a simple typo, maybe people like to inflate numbers, but here we go...

ETA: I'm just bad at math. Move along, point and laugh.

Story: http://www.boston.com/business/news/2013/07/25/russians-ukrainian-charged-massive-hacking/zj9q9jvyKAKT6FTgD7YdLI/singlepage.html

Crackers stole a whole lot of CC numbers from a lot of places over a period of time.
Princeton-based Heartland Payment Systems Inc., which processes credit and debit cards for small to mid-sized businesses, was identified as taking the biggest hit in a scheme starting in 2007 — the theft of more than 130 million card numbers at a loss of about $200 million.


Now, my math says that if you lost 130 million numbers and 200 million dollars that's somewhere north of $1,000,000 per card number. I have what I think is a reasonably high limit on my credit card, and even if I ran my card to the limit and it somehow didn't get noticed, it would take over 3.5 years for me to run up a million dollars in charges.

So, wtf? How is that even a possible number. Let's assume that Heartland lost the other 70 million in costs of tracking and repairing the theft damage, which seems high as well. That still leaves a huge number.

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