ACH Transfers


New Spam Targets Payment System

A new spam campaign is targeting a financial transfer system that
handles trillions of dollars in transactions annually and has proved to
be a fertile target of late for online fraudsters. The spam
messages pretend to come from the National Automated Clearing House
Association (NACHA), a U.S. nonprofit association that oversees the
Automated Clearing House system (ACH). Read the full article. [Computerworld]

FBI Reports Malware on Rise in Electronic Funds Fraud

The FBI reports it has seen a rise of malware over the past few months targeting small and medium businesses and municipal government entities and school districts. Once a malicious attachment or link is opened, keylogging tactics obtain bank account info where criminals then initiate wire transfers or Automated Clearinghouse Transfers (ACH). The report also cites that in some cases individuals have been recruited to unknowingly help criminals with “work at home” jobs that tell them they will be working on sending these fraudulent funds transfers by Western Union or Moneygram. FBI has links to US CERT for help. Read the statement. [FBI]

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