FinanceTechNews.com » Who cyberthieves are targeting now

Who cyberthieves are targeting now

November 23, 2009 by Valerie Helmbreck
Posted in: Communication, In this week's e-newsletter, Latest News & Views, cybercrime

FBI investigators recently issued a warning to small and medium-sized organizations: Cyberthieves have you in their cross-hairs.

Agents are seeing a “significant increase” over the past few months in what’s known as automated clearing house (ACH) fraud.

The targets of the $100 million scam: small businesses, municipal governments and schools.

Cyberthieves can shuttle thousands or even millions of dollars from victim’s account using online banking to add payees to the account.

The criminals steal banking logins and passwords using keylogging software installed on bookkeepers’ or finance officers’ computer via a
surreptitious e-mail attachment.

One solution: Designate a single computer in your organization to be used for online banking transactions –- nothing else. Restrict admin rights so that only IT can install software or security patches.

To read the FBI’s warning, visit here.

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