Posts Tagged: bay port state bank


16
Feb 10

Hackers Steal $150,000 from Mich. Insurance Firm

An insurance firm in Michigan lost nearly $150,000 this month as a result of a single computer virus infection.

Port Austin, Mich. based United Shortline Insurance Service Inc., an insurance provider serving the railroad industry, discovered on Feb. 5 that the computer used by their firm’s controller was behaving oddly and would not respond. The company’s computer technician scoured the system with multiple security tools, and found it had been invaded by “ZeuS,” a highly sophisticated banking Trojan that steals passwords and allows criminals to control infected hosts remotely

The following Monday, Feb. 8, United Shortline received a call from the Tinker Federal Credit Union at Tinker Air Force Base in Oklahoma, inquiring about a suspicious funds transfer one of its customers had received for slightly less than $10,000.

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