The process of buying or selling a home can be extremely stressful and complex, but imagine the stress that would boil up if — at settlement — your money was wired to scammers in another country instead of to the settlement firm or escrow company. Here’s the story about a phishing email that cost a couple their home and left them scrambling for months to recover hundreds of thousands in cash that went missing.
It was late November 2016, and Jon and Dorthy Little were all set to close on a $200,000 home in Hendersonville, North Carolina. Just prior to the closing date on Dec. 2 their realtor sent an email to the Little’s and to the law firm handling the closing, asking the settlement firm for instructions on wiring the money to an escrow account.
Far too many otherwise intelligent and talented software developers these days apparently think they can get away with writing, selling and supporting malicious software and then couching their commerce as a purely legitimate enterprise. Here’s the story of how I learned the real-life identity of Canadian man who’s laboring under that same illusion as proprietor of one of the most popular and affordable tools for hacking into someone else’s computer.
Organized cyber thieves stole more than $28,000 from a small New England town last week. The case once again highlights the mismatch between the sophistication of today’s attackers and the weak security measures protecting many commercial online banking accounts. On… Read More »
Organized cyber thieves took roughly $600,000 from the coastal city of Brigantine, New Jersey this week after stealing the city’s online banking credentials. The break-in marks the second time this year that hackers have robbed the coffers of an Atlantic County town: In March, a similar attack struck Egg Harbor Township, N.J., which lost $100,000 in a similar intrusion.