Four pinoy hackers arrested over AT&T hacking attacks

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Reuters is reporting that four Filipino hackers have been arrested by the Criminal Investigation and Detection Group (CIDG) over the hacking attack on US telecom giant AT&T. The attack cost the company $2 million dollars in fraudulent calls to premium-rate services, which the CIDG says that the group then diverts to a Saudi-based militant group. The four hackers, identified as Macnell Gracilla, Francisco Manalac, Regina Balura and Paul Michael Kwan. Reuters notes that weak cybercrime laws and poor technical capabilities makes our country an ideal base of operations for organised crime syndicates involved in cyber pornography, cyber sex dens, illegal gambling, credit card fraud and identity theft.

Source: Reuters, CNET