New fees levied by financial institutions are likely to push thousands of small businesses into banking online, whether or not they are aware of and prepared for the types of sophisticated cyber attacks that have cost organizations tens of millions of dollars in recent months.
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.
Cyber crooks stole just shy of $1 million from a satellite campus of The University of Virginia last week, KrebsOnSecurity has learned.
Organized thieves stole more than $600,000 from the Catholic Diocese of Des Moines, Iowa earlier this month, sending the money in small chunks overseas with the help of dozens of co-conspirators here in the United States.
Organized cyber thieves stole more than $100,000 from a small credit union in Salt Lake City last week, in a brazen online robbery that involved dozens of co-conspirators, KrebsOnSecurity has learned.
The FBI’s top anti-cyber crime official today said the agency is planning a law enforcement action against so-called “money mules,” individuals willingly or unwittingly roped into helping organized computer crooks launder money stolen through online banking fraud. Patrick Carney, acting… Read More »
A call service that catered to bank and identity thieves has been busted up by U.S. and international authorities. The takedown provides a fascinating glimpse into a bustling and relatively crowded niche of fraud services in the criminal hacker underground.… Read More »
Organized computer criminals yanked more than $200,000 out of the online bank accounts of a Missouri dental practice this month, in yet another attack that exposes the risks that small- to mid-sized organizations face in banking online.
Reported losses from online fraud more than doubled last year, from $265 million in 2008 to nearly $560 million in 2009, according to figures released Friday by the FBI. The figures come from complaints referred to the Internet Crime Complaint… Read More »
Organized cyber criminals stole more than $25 million from small to mid-sized businesses in brazen e-banking heists in the 3rd quarter of 2009 alone, federal regulators said last week. In contrast, traditional stick-up artists hauled less than $9.5 million out of U.S. banks over that same time period last year.
