Wire Transfer Fraud

Feds Indict 5 in Carson, CA Crimes

Five people were indicted this week on wire fraud and other criminal charges stemming from a 2007 cybertheft in which nearly $450,000 was stolen from the bank accounts of the city of Carson, California using credential-stealing spyware. Read the full article. [Computerworld]

As the Fraud Turns: Bank Sues Robbed Customer

A machine equipment company in Texas is tousling with its bank after
organized crooks swiped more than $800,000 in a 48-hour cyber heist
late last year. While many companies similarly victimized over the past
year have sued their banks for having inadequate security protection,
this case is unusual because the bank is preemptively suing the victim. Read the full article. [KrebsonSecurity]

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