Cyber Thieves Rob Treasury Credit Union
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.
Tag Archives: money mules
FBI Promises Action Against Money Mules
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 Stroll Down Victim Lane
Last week I traveled to Cooperstown, N.Y. to deliver a keynote address about the scourge of online banking fraud that I’ve written about so frequently this past year. I flew into Albany, and in the short, 60 minute drive west to Cooperstown, I passed through tiny Duanesburg, a town whose middle school district is still out a half million dollars from e-banking fraud. On my way to Cooperstown, I also passed within a few minutes of several other recent victims — including a wrecking firm based on Schenectady that lost $70,000 last month when organized thieves raided its online bank account.
To Catch a Mule
Much digital ink has been spilled in this blog detailing the activities of so-called “money mules,” willing or unwitting individuals here in the United States who are lured into laundering money for international organized cyber crime gangs. The subject almost always generates fierce debate among readers about whether these mules should be prosecuted, and the debate usually hinges on whether the mules knew that they were contributing to a crime.
Charting the Carnage from eBanking Fraud
Aaron Jacobson of Authentify put together this map of all 43 of the U.S. commercial e-banking victims I’ve mentioned in stories at Krebsonsecurity.com and at the Washington Post’s Security Fix blog. Clicking on this Google Maps link brings up an… Read More »
Fire Alarm Company Burned by e-Banking Fraud
A fire alarm company in Arkansas lost more than $110,000 this month when malicious hackers stole the firm’s online banking credentials and drained its bank account.
Online Thieves Take $205,000 Bite Out of Missouri Dental Practice
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.
eBanking Victim? Take a Number.
Over the past nine months, I have spent a huge amount of time investigating and detailing the plight of dozens of small businesses that have had their bank accounts cleaned out by organized criminals. One of the most frequent questions I get from readers and from my journalist peers is, “How many of these stories are you going to tell?” The answer is simple: As many as I can verify. The reason is just as plain: I’m finding that most small business owners have no clue about the threat they face or the liability they assume when banking online.
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… Read More »
Texas Bank Sues Customer Hit by $800,000 Cyber Heist
A machine equipment company in Texas is tussling with its bank after organized crooks swiped more than $800,000 in a 48-hour cyber heist late last year. While many companies similarly victimized over the past year have sued their banks for… Read More »
