Tag Archives: Heilongjiang province of China

$1.5 million Cyberheist Ruins Escrow Firm

August 7, 2013

A $1.5 million cyberheist against a California escrow firm earlier this year has forced the company to close and lay off its entire staff. Meanwhile, the firm’s remaining money is in the hands of a court-appointed state receiver, which is considering a lawsuit against the victim’s bank to recover the stolen funds.