Posts Tagged: kintz tech


11
Mar 10

Crooks Crank Up Volume of E-Banking Attacks

Computer crooks stole more than $200,000 from an auto body shop in Ohio last month in a brazen online robbery. The attack is yet another example of how thieves are using malicious software to bypass bank security technologies that are often touted as strong deterrents to this type of fraud.

The latest victim is Clarke Collision Center, an auto body shop in Hudson, Ohio. According to Craig Kintz, owner of Kintz Tech, a local security consulting company that responded to the incident, on Feb. 23 an employee of the victim firm noticed something strange when she went to log in to the company’s online bank accounts: The site said the bank’s system was down for maintenance.

Clark Collision’s bank, Cincinnati-based Fifth Third Bank, requires business customers to enter their user name and password, and a one-time passcode generated by a battery-operated key fob that is synched up to the bank’s back end servers. This approach — what banking regulators call “multi-factor authentication” — involves asking the user to provide something they know (a user name and password) in addition to something they have (a code generated by a security token).

But Kintz said that when the body shop employee visited the bank’s site and entered her user name, password and the output from the security token, she was directed to a page that said the bank’s site was temporarily unavailable. The page she was sent to even included a 1-800 number supposedly for the bank’s customer service line.

Kintz said the woman called that number, but quickly found that it was not in service. When the employee looked up the real customer service number for the bank and called to complain about the suspicious activity, she learned that there had just been a large number of wires and money transfers out of the company’s accounts to individuals in the United States and overseas, Kintz said.

“She reported it to the bank at 9 o’clock that morning,” Kintz told Krebs on Security. “By 11:30 a.m. the bank had frozen all of the company’s accounts, but by that time those accounts had all been emptied.”

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