How Bank Hacking Works
A certain number of financial institutions that reside within the
packet-switched confines of the various X.25 networks use their connections to
transfer funds from one account to another, one mutual fund to another, one
stock to another, one bank to another, etc... It is conceivable that if one
could intercept these transactions and divert them into another account, they
would be transferred (and could be withdrawn) before the computer error was
noticed. Thus, with greed in our hearts, an associate and I set forth to test
this theory and conquer the international banking world.
We chose CitiCorp as our victim. This multinational had two address
prefixes of its own on Telenet (223 & 224). Starting with those two prefixes,
my associate and I began to sequentially try every possible address. We
continued through 1000 in increments of one, then A-Z, then 1000-10000 by 10's,
and finally 10000-99999 by 100's. Needless to say, many addresses were
probably skipped......
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Approximate Word Count: 1957
Approximate Pages: 8 (250 words per double-spaced page)
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