Five indicted in cybertheft of city’s bank accounts

Jaikumar Vijayan reports:

Five people were indicted this week on wire fraud and other criminal charges stemming from a 2007 cybertheft in which nearly $450,000 was stolen from the bank accounts of the city of Carson, Calif.

[…]

The alleged thieves used valid login credentials to access the city’s bank account and initiate both the money transfers, Avilla said. The city later recovered about $304,000 of the stolen money and was reimbursed $100,000 more by its insurance provider. But it is still short of about $44,000 as a result of the theft, she added.

Gregory Evans, CEO of Ligatt Security, hired by Carson officials to conduct a forensics investigation of the incident, said the city’s login credentials were stolen via spyware installed on Avilla’s city-issued laptop computer.

Read more on Computerworld.

About the author: Dissent

Comments are closed.