http://www.computerworld.com/s/article/9153598/Poughkeepsie_N.Y._slams_bank_for_378_000_online_theft?taxonomyId=17 By Jaikumar Vijayan Computerworld February 8, 2010 The theft of $378,000 from the town of Poughkeepsie, N.Y., is prompting questions about the responsibility of banks to protect customer accounts from online criminals. In a statement last week, a Poughkeepsie town official revealed that thieves had broken into the town's TD Bank NA account and transferred $378,000 to accounts in the Ukraine. The thefts took place over a two-day period in mid-January during which a total of nine attempts were made to steal money. In the end, four of the attempts were successful, resulting in the lost money. The thefts were discovered by town officials one day after they occurred. So far, TD Bank has managed to recover $95,000, with efforts still under way to try and recover the rest. The theft is being investigated by local police, the FBI and the U.S. Secret Service. It was not clear how the thieves gained access to the town's bank account, and there was no immediate response from Town Supervisor Patricia Meyers to a Computerworld request for comment. But in other such cases, crooks typically break into commercial and retail bank accounts using stolen log-in credentials belonging to authorized users to transfer large sums of money to banks outside the U.S. [...] ________________________________________ Did a friend send you this? From now on, be the first to find out! Subscribe to InfoSec News http://www.infosecnews.orgReceived on Mon Feb 08 2010 - 22:23:27 PST
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