Hackers May Have Unearthed Dirt on Stanford
In early 2008, while federal investigators were busy investigating disgraced financier Robert Allen Stanford for his part in an alleged $8 billion fraudulent investment scheme, Eastern European hackers were quietly hoovering up tens of thousands customer financial records from the Bank of Antigua, an institution formerly owned by the Stanford Group.
According to a fraud investigator with first-hand knowledge of the break-in, the hackers responsible infiltrated a component of the Stanford Group’s network by exploiting vulnerabilities in the company’s Web servers and databases. On the condition of anonymity, the investigator shared with this author files recovered from the breach, which were stored in plain text for at least several weeks on a Web site controlled by the attackers. This source said he forwarded the same information on to the FBI shortly after discovering it in early 2008.
Once inside of Stanford’s network, the unidentified hackers appear to have swiped the credentials from an internal network administrator, and soon had downloaded the user names and password hashes for more than 1,000 employees of Stanford Financial, Stanford Group, Stanford Trust, and Stanford International Bank Ltd.