Cyber Heists and Financial Crimes

The video discusses the significant threat posed by cybercriminals to financial institutions, highlighting the case of Alberto Gonzalez, a hacker who stole millions of credit card numbers. Despite the massive scale of his crimes, they remained largely unpublicized due to the reputational risks for banks. The video emphasizes the collaboration between law enforcement and financial institutions to combat such cyber threats.

What is the average financial loss from a cyber heist compared to a traditional bank robbery?

• $1.3 million vs. $6,000 to $8,000

• $500,000 vs. $10,000

• $800,000 vs. $5,000

• $2 million vs. $15,000

What was Alberto Gonzalez primarily stealing from retailers?

• Cash

• Credit card numbers

• Merchandise

• Personal identities

How many payment cards did Gonzalez steal in his first year?

• 20 million

• 5 million

• 11.2 million

• 50 million

What was the total number of payment cards Gonzalez had stolen by the end of his operations?

• 90 million

• 70 million

• 50 million

• 30 million

What led to Gonzalez's arrest in 2007?

• A failed hacking attempt

• An undercover detective observing him at a bank

• A tip-off from an accomplice

• A public confession

Why do cyber heists often not make the headlines?

• They are resolved quickly

• They are not considered serious crimes

• They are too complex to understand

• The financial institutions want to avoid reputational damage

Which organizations collaborate with financial institutions to combat cybercrime?

• Private security firms

• Europol, the FBI, and the Secret Service

• Interpol and local police

• The United Nations