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Fraud Alert – Cyber Criminals Targeting Financial Institution Employee Credentials to Conduct Wire Transfer Fraud

by
September 20, 2012
Cybersecurity
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“Recent FBI reporting indicates a new trend in which cyber criminal actors are using spam and
phishing e-mails, keystroke loggers, and Remote Access Trojans (RAT) to compromise financial
institution networks and obtain employee login credentials. The stolen credentials were used to
initiate unauthorized wire transfers overseas. The wire transfer amounts have varied between
$400,000 and $900,000, and, in at least one case, the actor(s) raised the wire transfer limit on the
customer’s account to allow for a larger transfer. In most of the identified wire transfer failures,
the actor(s) were only unsuccessful because they entered the intended account information
incorrectly”

Source:OODA Loop – Fraud Alert – Cyber Criminals Targeting Financial Institution Employee Credentials to Conduct Wire Transfer Fraud