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Threat of hacker-obtained tax information yields $137m revenue

March 19, 2010 Leave a comment

This week, the German Tax Authorities opened cases on 1,100 suspected tax evaders thanks to information purchased  from a “hacker”. As reported on BusinessWeek and other sites, the hacker offered a CD of information of German nationals with “secret” Swiss bank accounts managed by Credit Suisse to the German authorities, who quickly snapped it up, apparently for the price of 2.5 million euros.

Reports indicate that around 400 million euros of unpaid taxes could be reclaimed. Read more…

Categories: eBanking, PII Tags: ,