Banks Urge Businesses To Lock Down Online Banking

tsu doh nimh writes "Organized cyber-gangs in Eastern Europe are increasingly preying on small and mid-size companies in the US, setting off a multimillion-dollar online crime wave that has begun to worry the nation's largest financial institutions, The Washington Post's Security Fix blog reports: '"In the past six months, financial institutions, security companies, the media and law enforcement agencies are all reporting a significant increase in funds transfer fraud involving the exploitation of valid banking credentials belonging to small and medium sized businesses," reads a confidential alert issued by the Financial Services Information Sharing and Analysis Center, an industry group created to share data about critical threats to the financial sector.' The banking group is urging that commercial bank customers 'carry out all online banking activity from a standalone, hardened, and locked-down computer from which e-mail and Web browsing is not possible.' The story includes interviews with several victim businesses, and explains that in each case, the fraudsters — thought to reside in Eastern Europe — are using "'money mules,' unwitting or willing accomplices in the US hired via Internet job boards. The blog has more stories and details about these crimes."

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USA Stimulus Package Payback Plan

[fibrewire]

And you all thought that Obama was just having the US Mint print more money? That China would buy all of our debt and take over the US without firing a single shot? HA! Just wait until big businesses in China are bankrupted by cyberterrorism. And you thought that new US Air Force division was just for our defense? Tell that to our new Cybertron... er... Cyber Command. And Obama is really MEGATRON. Hail Decepticons!
- WTF?