June 29, 2010, 11:57AM
Escrow Firm Loses Nearly $500K from Online Thieves
1 Comment
A California escrow firm has been forced to take out a pricey loan to
pay back $465,000 that was stolen when hackers hijacked the company’s
online bank account earlier this year. Read the full article. [KrebsonSecurity]
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Comments
This article should be a wakeup call to financial institutions everywhere, especially when their business is based on storing money which belongs to others. Few organizations can afford to take a financial hit such as this.