Details of a Cyberheist
Really interesting article detailing how criminals steal from a company’s accounts over the Internet.
The costly cyberheist was carried out with the help of nearly 100 different accomplices in the United States who were hired through work-at-home job scams run by a crime gang that has been fleecing businesses for the past five years.
Basically, the criminals break into the bank account, move money into a bunch of other bank accounts, and use unwitting accomplices to launder the money.
The publication said the attack occurred on Apr. 19, and moved an estimated $1.03 million out of the hospital’s payroll account into 96 different bank accounts, mostly at banks in the Midwest and East Coast.
qka • May 1, 2013 10:57 AM
For some time I have been wondering why law enforcement and the financial institutions themselves don’t infiltrate the “work from home” schemes and receive the money but fail to forward it, instead waiting for the rightful owners to catch up with them, and then return it. If it happened enough, it would make the scamsters look for another mule mechanism.
Then again, maybe they have, and they just haven’t said anything about it. 😉