Online Bank Fraud

A Closer Look At Security Insurance

An inside look at a California-based engineering company defrauded by an online banking Trojan, automated clearing house transfers, East-coast based money mules, yet the company was holding a cybersecurity insurance policy and looks to recover all of its stolen funds. Read the full article. [KrebsonSecurity]

An Arkansas public water utility and a New Jersey town are the latest
victims of an organized cyber crime gang that is stealing tens of
millions of dollars from small to mid-sized organizations via online
bank theft. Read the full article. [KrebsonSecurity]

A New Hampshire-based IT consultancy lost nearly $100,000 this month
after thieves broke into the company’s bank accounts with the help of
10 co-conspirators across the United States. Read the full article. [KrebsonSecruity]

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