Details of a Cyberheist

Schneier on Security 2013-05-01

Summary:

Really interesting article detailing how criminals steal from a company's accounts over the Internet.

The costly cyberheist was carried out with the help of nearly 100 different accomplices in the United States who were hired through work-at-home job scams run by a crime gang that has been fleecing businesses for the past five years.

Basically, the criminals break into the bank account, move money into a bunch of other bank accounts, and use unwitting accomplices to launder the money.

The publication said the attack occurred on Apr. 19, and moved an estimated $1.03 million out of the hospital's payroll account into 96 different bank accounts, mostly at banks in the Midwest and East Coast.

Link:

http://www.schneier.com/blog/archives/2013/05/details_of_a_cy.html

From feeds:

Gudgeon and gist ยป Schneier on Security

Tags:

Authors:

schneier

Date tagged:

05/01/2013, 14:20

Date published:

05/01/2013, 11:26