Read the Bills Act Coalition

Sunday, December 13, 2009

FT.com / Technology - Bank firewalls cracked by cyberhackers

Read Here: FT.com / Technology - Bank firewalls cracked by cyberhackers:

"For more than a decade the common currency among cybercriminals has been pilfered credit card numbers, but some underground hackers have learned how to drain money directly from corporate bank accounts.
There has been a big rise in such frauds, raising the stakes in the war between financial institutions and criminals and costing some bank clients half a million dollars – or more.
The cyberhackers “are clearly ahead of the defence in terms of antivirus solutions, firewall solutions, etc,” Jeffrey Troy, chief of the FBI’s cybercrime section, told the Financial Times. Online bank thefts in 2009 had seen “a very dramatic increase from past years”."

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