$2.5 Million Swindle: The Surprising Decision and Hacker Thanked

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A few days ago we shared the story of a hacker with 30 years of experience. Throughout his journey, he has encountered various situations, some of which were related to criminal activities due to his past as a black hat. However, he later shifted his focus to helping companies, which led him to discover vulnerabilities and report them. Unfortunately, not everyone in the hacking community has the same intentions.

According to a recent publication by Techspot, Noah Roskin-Fraaze, a San Francisco investigator, has been accused of fraud amounting to 2.5 million dollars. The affected company is based in Cupertino, California and is involved in developing, manufacturing, licensing, and selling computer software, consumer electronics, personal computers, and services. While the name of the affected firm was not disclosed, all signs point to Apple due to the data collected and the thanks given to the hacker.

The modus operandi of the operation involved using security tools and password reset to gain access to an employee’s account who was working with Apple. Subsequently, the hackers were able to access the company’s VPN servers and systems, and change the monetary value of some products to purchase them at zero cost.

This resulted in them obtaining more than 2.5 million dollars in gift cards and overcoming the $100,000 barrier in “products and services.” This occurred between December 2018 and March 2019, but was recently resolved in favor of Apple. As a form of gratitude, Apple thanked Roskin-Fraaze during a security update that premiered on January 22, acknowledging his ability to identify vulnerabilities in products.

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