3 Banks Stung by Wire Fraud
April 19, 2011
Total Loss:
$2 Million
The bad guys don't need guns and getaway cars any more.
Three Iowa financial institutions have lost $2 million in a series of fraudulent transfers to Hong Kong in recent months. The thieves likely used a combination of email and telephone calls to pull off the heists, highlighting the growing sophistication and reach of criminals intent on stealing from banks.
Source:
DesMoines Register
Posted in:
ACH and Wire Fraud