An Arkansas public water utility and a New Jersey town are the latest victims of an organized cyber crime gang that is stealing tens of millions of dollars from small to mid-sized organizations via online bank theft.
On Thursday, officials in Egg Harbor Township, N.J. acknowledged that a sizable amount of money was taken in an “outside intrusion into a municipal banking account,” suggesting in public statements that computer criminals were responsible.
Mayor James J. “Sonny” McCullough confirmed that the thieves took close to $100,000 from town coffers, sending the money in sub-$10,000 chunks to individuals around the country who had no prior businesses with Egg Harbor.
McCullough said the town is working with local authorities and the FBI.
“There’s a possibility that the bank will be able to [retrieve] some of the money,” McCullough told Krebs on Security.