Friday, August 7, 2009

Cyber attackers empty business accounts in minutes - PC World

The criminals knew what they were doing when they hit the Western Beaver County School District.

They waited until school administrators were away on holiday, and then during a four-day period between Dec. 29 and Jan. 2, siphoned US$704,610.35 out of two of the school district's bank accounts. Western Beaver's financial institution, ESB Bank, managed to reverse some of the transfers, but the Pennsylvania school district was out more than $441,000...