ACH Fraud: Payroll Hack Drains $217K
August 23, 2011
Total Loss:
$217,000
A new twist in the ongoing online security battle between banks and their commercial customers was reported this week after a corporate account in Omaha, Neb., was hit with thousands in fraudulent ACH transactions.
Cyberthieves reportedly funneled $217,000 from the Metropolitan Entertainment & Convention Authority, a nonprofit organization that operates the Qwest Center and other recreational facilities in Omaha. According to a post on KrebsOnSecurity and The Omaha World-Herald, an employee at MECA fell for a phishy e-mail that unleashed a malware attack that subsequently provided hackers access to the organization's payroll system.
Source:
Bank Info Security
Posted in:
ACH and Wire Fraud