FDIC: Hackers Took More Than $120M in Three Months

Tuesday Mar 9th 2010 by Datamation.com Staff

Small businesses lost $25 million to scammers in Q3 09, while consumers lost $120 million through fraud schemes involving electronic transfer of funds.

CIO.com: The FDIC has released its estimates about computerized fraud scams for the third quarter of 2009, and the results don't look pretty. Scam artists made away with $120 million of consumer money, while companies lost about $25 million.

David Nelson, an examination specialist with the FDIC, explained that almost all of the incidents reported to the FDIC "related to malware on online banking customers' PCs." In most cases, victims unknowingly downloaded Trojans from malicious Web sites. Those Trojans logged the users' passwords and sent them back to the criminals.

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