NJ: Hackers Steal $240K From Mahwah Businessman’s Bank Account
Sean Adams reports:
In Mahwah, hackers set their sights on a local businessman and obtained enough of his personal information to convince his bank to wire $240,000 overseas.
Police Chief James Batelli said they even hijacked the man’s phone number, so when the bank called to verify “That is call forwarded to Brussels and the person on that end answers all the proper security questions, which was social security numbers, mother’s maiden name, hospital they were born in; and the bank thinks they’re talking to the person authorized to allow that transfer to go through.”[…]
Okay, so the bank attempted to verify with a phone call, but the clever hackers subverted that authorization method. Is the bank responsible for the loss and replacing the funds in the customer’s account or not?
markbyrn - May 30, 2015
So this incredible scenario doesn’t raise an eyebrow of suspicion to you? Like perhaps an extremely close associate or family member of the businessman who could provide the “hackers” all this personal data plus set up call forwarding on his personal phone. I’m sure if the bank had asked the “hackers” for a thumbprint and signature, they probably could have provided that too. So what more could the bank have done if the “hackers” had every conceivable piece of identify information. If not for the phone being set to call forward to Belgium, I would have suspected that a rogue bank person did it