July 08, 2008, 12:30 PM — In December 2006, Turkish authorities announced the arrest of Ali Yâ€™nin and nine accomplices for bank fraud. They accused Yâ€™nin of leading a gang that sent millions of virus-laden emails. About 11,000 of the recipients opened the email message and unknowingly infected their computers. Then when the victims used online banking services, the gang captured the passwords for those bank accounts and drained them using false identification, fake ATM cards, and Western Union money transfers.
How have we found ourselves in a world in which a small Turkish gang can drain bank accounts on such a massive scale? The police state that Yâ€™nin and his accomplices sent 3.4 million emails and compromised about 11,000 bank accounts. That is a success rate of only 0.3%, but it is hard to imagine that Yâ€™nin was disappointed at being able to access the bank accounts of â€œonlyâ€ 11,000 people.
Part of the answer is that because the interconnected world of computers and the internet provides many advantages to criminals, they are drawn to electronic crime. Attacks can be automated and carried out in large numbers. Imagine Yâ€™nin attempting to perform the same fraud, but in person at bank branches. If each member of his gang tried to walk into the same bank branch claiming to be a different person each time, even a bored security guard would catch on after a while. If the gang spent all day traveling to different banks and spent one hour per account, they would be doing nothing but going from bank to bank eight hours a day for over six months. The internet makes everyone more efficient, even criminals. Perhaps especially criminals.