Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
FBI Cybercrooks target CU bank employees
WASHINGTON (9/20/12)--Cybercriminals are obtaining the login details of financial institution employees--targeting credit unions and small- to mid-sized banks--to illegally wire themselves hundreds of thousands of dollars, according to a new Federal Bureau of Investigation (FBI) fraud alert.

Fraudsters obtain the logins through phishing and spam e-mails before installing keystroke loggers and remote access Trojans on their computer, gaining complete access to internal networks and logins to third party systems.

In some of the incidents, before and after unauthorized transactions occurred, financial institutions were victimized by a distributed denial of service attack against their public websites or Internet banking URLs. The attacks likely were used as a distraction for credit union or bank personnel to prevent them from immediately identifying a fraudulent transaction, which in most cases is necessary to stop the wire transfer, said the FBI.

The illicit wire transfer amounts have ranged between $400,000 and $900,000. In at least one case, the fraudsters raised the wire transfer limit on a member/customer's account to allow a larger transfer. In most of the identified wire transfer failures, criminals were unsuccessful only because they entered the account information incorrectly.

The FBI recommended that financial institutions educate employees on the dangers associated with opening attachments or clicking on links in unsolicited e-mails. Also, financial institutions are advised not to allow employees to access personal or work e-mails on the same computers used to initiate payments. For a list of further FBI recommendations, use the link.
Other Resources

RSS





print
News Now LiveWire
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
12 hours ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
14 hours ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
15 hours ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
17 hours ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
17 hours ago