Cyber Crime in Russia Makes It Prey as Much as Predator
The son of a Russian lawmaker was convicted of orchestrating a global hacking bonanza in what a U.S. prosecutor called one of the most prolific credit card trafficking schemes in history. Roman Seleznev, 32, was found guilty Thursday by a Seattle federal jury of filching consumer credit numbers from hundreds of retail businesses worldwide, many of them pizza restaurants, and selling the stolen data on the Internet, allegedly causing $169 million in fraud losses. In a separate story, cases of Chinese hacking of Russian industries including defense, nuclear, and aviation rose almost threefold to 194 in the first seven months of this year from 72 in the whole of 2015, according to Alexander Gostev, the Moscow-based company’s chief security expert. Bloomberg's Ryan Chilcote discusses with Francine Lacqua on "The Pulse."