Uber Paid Hackers to Delete Stolen Data on 57M People

Re:Uber Paid Hackers to Delete Stolen Data on 57M People by 21 on Tuesday November 21, 2017 @05:51PM (#15752377)

> laundered trillions of dollars of mega-organized-crime money

While I agree with your sentiment, there is no need to use such inflated and hilarious numbers.

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Re:Uber Paid Hackers to Delete Stolen Data on 57M People by saganus on Tuesday November 21, 2017 @06:25PM (#15752679)

Edit: Thanks for the corrections. I definitely messed up the magnitudes here. Was doing some other calculation on another topic and somehow I mixed them both. Sorry about that. Please disregard this comment as it it way off :(

While "trillions" is definitely inflated and hyperbole, I don't think it's THAT far off.

According to this The Guardian article [0] "At least $881m in drug trafficking money was laundered throughout the bank's accounts."

So 0.88 Tn. Definitely not "trillions" but definitely much more than I would've expected if they said "billions laundered".

Also, it says "at least", which I take it to say that the investigation was not complete so a final number couldn't be calculated and only a "lower" cap is given. Potentially it could still be "trillions" as in e.g. "1.3 trillions" (if that final figure is ever calculated or even published of course). So inflated, yes. Hilarious... not so sure.

[0] https://www.theguardian.com/business/2012/dec/11/hsbc-bank-u...

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Re:Uber Paid Hackers to Delete Stolen Data on 57M People by adamiscool8 on Tuesday November 21, 2017 @06:58PM (#15752906)

Parent might be conflating the amount actually found to be laundered with HSBC's failure to monitor over $200 trillion [1] in suspicious transactions.

[1] https://www.theglobeandmail.com/incoming/article6209613.ece/...

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Re:Uber Paid Hackers to Delete Stolen Data on 57M People by gleenn on Tuesday November 21, 2017 @06:35PM (#15752752)

Isn't that 0.881 billion? They're still off by 3 orders of magnitude

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Re:Uber Paid Hackers to Delete Stolen Data on 57M People by kelnos on Tuesday November 21, 2017 @06:42PM (#15752805)

> So 0.88 Tn.

You mean 0.00088 Tn.

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Re:Uber Paid Hackers to Delete Stolen Data on 57M People by colejohnson66 on Tuesday November 21, 2017 @07:53PM (#15753229)

Well, it’s 0.88 percent of a trillion...

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Re:Uber Paid Hackers to Delete Stolen Data on 57M People by StavrosK on Tuesday November 21, 2017 @08:08PM (#15753325)

0.088.

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