Cyber Thieves Steal Nearly $1,000,000 from University of Virginia College
Summary: Cyber thieves stole $996,000 from The University of Virginia's College at Wise after compromising a computer belonging to the university's comptroller and using a virus to steal online banking credentials for its BB&T Bank accounts. The attackers initiated a single fraudulent wire transfer to the Agricultural Bank of China, and school officials later said the stolen money had been recovered.
Bottom line: A single fraudulent wire transfer of $996,000 left a comptroller's compromised PC and a bank account with no apparent dual control standing between the thieves and the funds - and the FBI now holds that hard drive.
Read the original at Krebs on Security ↗
- Topics
- Data Breaches
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