Feds Charge Calif. Brothers in Cyberheists
Summary: Federal authorities arrested Adrian and Gheorghe Baltaga, 25 and 26-year-old brothers from Moldova living in Fresno, Calif., on Oct. 29 and charged them with stealing Fidelity Investments brokerage login credentials and setting up fraudulent ACH links to prepaid debit cards they used to buy MoneyGram and U.S. Postal Service money orders. The indictment charges wire fraud, conspiracy to commit bank fraud and wire fraud, aggravated identity theft, and aiding and abetting, and investigators say the brothers were involved in a 2012 cyberheist against a Maryland title company robbed of $1.7 million.
Bottom line: The title company's bank pushed through more than $700,000 in fraudulent wires and ACH payments before anyone noticed, and only about half was clawed back - a reminder that businesses do not get the legal protections consumer banking customers have.
Read the original at Krebs on Security ↗
- Topics
- Data Breaches
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