New words – 3 September 2018

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jackpotting noun [U]
UK /ˈdʒæk.pɒt.ɪŋ/ US /ˈdʒæk.pɑːt.ɪŋ/
the crime of hacking into a cash machine in order to obtain money

Jackpotting has been rising worldwide in recent years, though it is unclear how much cash has been stolen because victims and police often do not disclose details. Hackers require physical access to the cash machine using specialised electronics and malware to take control, including an endoscope.
[The Guardian, 29 January 2018]

transaction laundering noun [U]
UK /trænˈzæk.ʃᵊn. ˌlɔːn.də.rɪŋ/ US /trænˈzæk.ʃᵊn.ˌlɑːn.dɚ.ɪŋ/
the crime of using a company’s payment system to process a payment for illegal products and services

Scammers were recently caught using fake Airbnb listings to launder money. Because there are so many listings on the site and no way to manually monitor all transactions, criminals can pay each other or cash out stolen credit cards in seconds. This electronic money laundering, also called transaction laundering, is a growing problem for regulators and law enforcement. According to our estimates, as much as $200 billion is laundered via ecommerce payments every year.
[www.linkedin.com/company/evercompliant, 28 February 2018]

cryptojacking noun [U]
UK /ˈkrɪp.təʊ.ˌdʒæk.ɪŋ/ US /ˈkrɪp.toʊ.ˌdʒæk.ɪŋ/
the illegal activity of secretly using someone’s computer to obtain new cryptocurrency (digital currency produced by a public network rather than by a government)

Cryptojacking doesn’t require a download, starts instantly, and works efficiently. Making it even more insidious, hackers can sneak a mining component onto unsuspecting websites and pilfer cryptocurrency off of the legitimate site’s traffic.
[www.wired.com, 29 December 2017]

About new words

4 thoughts on “New words – 3 September 2018

  1. Arturo Leo

    Couldn’t be used ATMhacking instead of Jackpotting (a poker game) that may be understood as a movement in jackpot in which a pot acumulates cash until one of the players gets a pair of jacks or higher value of the deal, in which last case is not a crime?

    1. Is this necessary?

      You’re true but we still need to have a specific name for this type of crime (Atm hacking). Why? Because there are many kind of hackers about lots of subjects, so using formal names for all of them such as PCHacking, BankHacking, CAMHacking,… That’s boring..uhm, I think we should use hacker’s language to call them.

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