• Announcements

    • Budfred

      IE 11 copy/paste problem

      It has come to our attention that people using Internet Explorer 11 (IE 11) are having trouble with copy/paste to the forum. If you encounter this problem, using a different browser like Firefox or Chrome seems to get around the problem. We do not know what the problem is, but it seems to be specific to IE 11 and we are hopeful that Microsoft will eventually fix it.
Sign in to follow this  
Followers 0
AplusWebMaster

ACH online theft Wire-transfer-fraud - again...

1 post in this topic

FYI...

 

ACH online theft Wire-transfer-fraud - again...

- http://www.krebsonsecurity.com/2010/04/computer-crooks-steal-100000-from-ill-town/

April 6, 2010 - "... the latest in a string of towns, cities, counties and municipalities across America that have seen their coffers cleaned out by organized thieves who specialize in looting online bank accounts. Recently, crooks stole $100,000 from the New Jersey township of Egg Harbor; $130,000 from a public water utility in Arkansas; $378,000 from a New York town; $160,000 from a Florida public library; $500,000 from a New York middle school district; $415,000 from a Kentucky county... The following day, Bridgeview Bank notified the town that someone had executed two sets of transfers: one automated clearing house (ACH*) batch transfer of seven payments of slightly less than $10,000 to individuals around the country; and a large wire transfer of nearly $30,000. The bank succeeded in stopping the fraudulent wire, but Rivera said the town has all but given up hope that it will retrieve the other $70,000. Bridgeview Bank could not be immediately reached for comment. Looking for advice about what banks and businesses should be doing to help detect and block this type of fraud? Check out this post: E-Banking Guidance for Banks & Businesses**."

* http://en.wikipedia.org/wiki/Automated_Clearing_House

 

** http://www.krebsonsecurity.com/2010/04/e-banking-guidance-for-banks-businesses/

 

Multi-State Information Sharing and Analysis Center

- http://www.msisac.org/documents/Wire-transfer-fraud-recommendations-2010.pdf

 

:ph34r::grrr:

Edited by apluswebmaster

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0