An electronics testing firm in Louisiana is suing its bank, Capital One, alleging that the financial institution was negligent when it failed to stop hackers from transferring nearly $100,000 out of its account earlier this year. In August, Security Fix...
Pay-per-click revenue in the online advertising business may be diminishing for traditional media publishers, but thieves increasingly are earning five- to seven-digit returns when victims click on a booby-trapped link or attachment sent via e-mail. The latest victim to learn...
It has been a while since I've written about online banking fraud against small to mid-sized businesses, but I assure you the criminals perpetrating these attacks have been busier than ever. In fact, from more than a dozen incidents I've...
On Monday, Security Fix featured the story of Ronnie Cutshall, a Tennessee man who was caught up in an international money laundering scam after being recruited through a work-at-home job offer. That story mentioned that Cutshall received a $9,600 transfer...
November 4, 2009; 2:40 PM ET |
Categories: Fraud , From the Bunker , Small Business Victims , Web Fraud 2.0 | Tags: ach fraud, money mules, zeus
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The Federal Deposit Insurance Corporation (FDIC) is warning financial institutions about an uptick in scams involving unauthorized funds transfers from hacked online bank accounts to so-called "money mules," people hired through work-at-home scams to help cyber criminals overseas launder money....
November 2, 2009; 6:00 AM ET |
Categories: Fraud , From the Bunker , Small Business Victims , Web Fraud 2.0 | Tags: fdic, money mules, paychoice
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Cyber criminals have stolen at least $40 million from small to mid-sized companies across America in a sophisticated but increasingly common form of online banking fraud, the FBI said this week. According to the FBI and other fraud experts, the...