Computer Crooks Steal $100,000 from Ill. Town
Summary: In March 2010, thieves broke into the online bank account of the Village of Summit, Illinois, a town of 10,000 outside Chicago, and took nearly $100,000. The town's assistant was redirected to a fake page claiming the bank had technical difficulties while the thieves used her submitted credentials to open their own session, then executed an ACH batch of seven payments of slightly less than $10,000 each and a wire of nearly $30,000 that the bank stopped, leaving about $70,000 the town has all but given up recovering.
Bottom line: The article places Summit in a string of municipal losses that includes $500,000 from a New York middle school district and $415,000 from a Kentucky county, and notes the ACH payments were each kept just under $10,000 - a threshold-evasion pattern that a security leader reviewing outbound payment controls should recognize.
Read the original at Krebs on Security ↗
- Topics
- OT / ICS & Critical Infrastructure
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