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Hackers steal 150K with malicious job application

January 20, 2011
Total Loss: $150,000

Small businesses have a new scam to worry about: criminal job applicants who want to hack into online bank accounts. The U.S. Federal Bureau of Investigation issued a warning Wednesday about a new twist on a long-running computer fraud technique, known as Automated Clearing House fraud. With ACH fraud, criminals install malicious software on a small business' computer and use it to log into the company's online bank account. They set up bogus fund transfers, adding fake employees or payees, and then move the money offshore.

Source: Computer World
Posted in: ACH and Wire Fraud