Tag Archives: fbi

FBI: $20M in Fraudulent Wire Transfers to China

April 27, 2011
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The Federal Bureau of Investigation warned this week that cyber thieves have stolen approximately $20 million over the past year from small to mid-sized businesses, through a series of fraudulent wire transfers sent to Chinese economic and trade companies located near the country’s border with Russia.

The FBI said that between March 2010 and April 2011, it identified twenty incidents in which small to mid-sized organizations had fraudulent wire transfers to China, and that the total losses from the fraud was about $11 million. The alert was sent out Tuesday, in cooperation with the Internet Crime Complaint Center and the Financial Services Information Sharing and Analysis Center (FS-ISAC), an industry consortium.

U.S. Government Takes Down Coreflood Botnet

April 14, 2011
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The U.S. Justice Department and the FBI this week were granted unprecedented authortiy to seize control over a criminal botnet that enslaved millions of computers and to use that control to disable the malicious software on infected PCs.

The target of the takedown was “Coreflood,” an infamous botnet that first emerged almost a decade ago as a high-powered virtual weapon designed to knock targeted Web sites offline. Over the years, the crooks running the botnet began using it to defraud owners of the victim PCs by stealing bank account information and draining balances.

Fallout from Recent Spear Phishing Attacks?

December 15, 2010
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McDonald’s and Walgreens this week revealed that data breaches at partner marketing firms had exposed customer information. There has been a great deal of media coverage treating these and other similar cases as isolated incidents, but all signs indicate they are directly tied to a spate of “spear phishing” attacks against e-mail marketing firms that have siphoned customer data from more than 100 companies in the past few months.

Ukraine Detains 5 Individuals Tied to $70 Million in U.S. eBanking Heists

October 2, 2010
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Authorities in Ukraine this week detained five individuals believed to be the masterminds behind sophisticated cyber thefts that stole $70 million – out of an attempted $220 million — from hundreds of U.S.-based small to mid-sized businesses over the last several years, the FBI said Friday.