Memento provides next-generation technology and solutions that enable financial institutions to rethink and improve the way they combat fraud and manage compliance. Memento customers realize unmatched business value and rapid ROI.

bank fraud forum

FBI Investigating Cyber Theft of $139,000 from Pittsford, NY

June 14, 2011
Total Loss: $139,000

Computer crooks stole at least $139,000 from the town coffers of Pittsford, New York this week. The theft is the latest reminder of the widening gap between the sophistication of organized cyber thieves and the increasingly ineffective security measures employed by many financial institutions across the United States.

Source: Krebs On Security
Posted in: ACH and Wire Fraud
Tags: cyber securityACH fraudwire fraud