FBI: $20M in Fraudulent Wire Transfers to China
Summary: The FBI warned that cyber thieves stole approximately $20 million over the past year from small to mid-sized U.S. businesses through fraudulent wire transfers sent to Chinese economic and trade companies near the Russia-China border. Between March 2010 and April 2011 the FBI identified twenty incidents in which online banking credentials were stolen by malware such as the ZeuS Trojan, backdoor.bot and Spybot, with unauthorized wires ranging from $50,000 to $985,000 and actual victim losses of $11 million.
What you should know: Businesses do not have the same fraud protection consumers enjoy, and most companies hit by this fraud find their banks are under no legal obligation to reimburse them - with individual wires reaching $985,000.
Read the original at Krebs on Security ↗
- Topics
- Data Breaches
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