http://www.computerworld.com/s/article/9167598/FDIC_Hackers_took_more_than_120M_in_three_months?taxonomyId=17



By Robert McMillan

IDG News Service

March 8, 2010



Ongoing computer scams targeting small businesses cost U.S. companies 

$25 million in the third quarter of 2009, according to the U.S. Federal 

Deposit Insurance Corporation.



Online banking fraud involving the electronic transfer of funds has been 

on the rise since 2007 and rose to over $120 million in the third 

quarter of 2009, according to estimates presented Friday at the RSA 

Conference in San Francisco, by David Nelson, an examination specialist 

with the FDIC.



The FDIC receives a variety of confidential reports from financial 

institutions, which allow it to generate the estimates, Nelson said.



Almost all of the incidents reported to the FDIC "related to malware on 

online banking customers' PCs," he said. Typically a victim is tricked 

into visiting a malicious Web site or downloading a Trojan horse program 

that gives hackers access to their banking passwords. Money is then 

transferred out of the account using the Automated Clearing House (ACH) 

system that banks use to process payments between institutions.



[...]





___________________________________________________________

Register now for HITBSecConf2010 - Dubai, the premier 

deep-knowledge network security event in the GCC, 

featuring keynote speakers John Viega and Matt Watchinski! 

http://conference.hitb.org/hitbsecconf2010dxb/



Received on Tue Mar 09 2010 - 08:49:47 PST