eBanking Theft Costs Town of Eliot, Me. $28k
July 21, 2011
Total Loss:
$28,000
Organized cyber thieves stole more than $28,000 from a small New England town last week. The case once again highlights the mismatch between the sophistication of today’s attackers and the weak security measures protecting many commercial online banking accounts.
Source:
Krebs on Security
Posted in:
ACH and Wire Fraud
Money Laundering